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Exercise 1-48 Multiple-Step Statement of Earnings $34,700 The following information is available for Bergin Pastry Shop. Gross margin Income from operations Income tax expense (15%
Exercise 1-48 Multiple-Step Statement of Earnings $34,700 The following information is available for Bergin Pastry Shop. Gross margin Income from operations Income tax expense (15% of income before taxes) 9,200 ? Interest expense 1,800 Net sales 85,300 Required: Prepare a multiple-step statement of earnings for Bergin. Bergin Pastry Shop Statement of Earnings For One Year Other expenses and losses: in il
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