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Exercise 217 (Part Level Submission) Bolivia Company gathered the following condensed data for the year ended December 31, 2016: Cost of goods sold $760,000 Net
Exercise 217 (Part Level Submission)
Bolivia Company gathered the following condensed data for the year ended December 31, 2016:
| Cost of goods sold | $760,000 | |
| Net sales | 1,400,000 | |
| Operating expenses | 277,000 | |
| Interest expense | 43,000 | |
| Dividend revenue | 40,000 | |
| Casualty loss from vandalism | 125,000
Prepare a multiple-step income statement for the year ended December 31, 2016. |
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