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Exercise 5-8 In its income statement for the year ended December 31, 2017, Blossom Company reported the following condensed data. Loss on Salaries and wages
Exercise 5-8 In its income statement for the year ended December 31, 2017, Blossom Company reported the following condensed data. Loss on Salaries and wages expenses Cost of goods $744,000 disposal of 133,600 1,579,200 Sales revenue 3,536,000 40,000 plant assets sold Interest expense 113,600 Income tax Interest revenue 104,000 Sales discounts 256,000 Depreciation expense expense 496,000 Utilities expense 176,000 Prepare a multiple-step income statement. (List other revenues before other expenses.)
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