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Exercise 6-2B Prepare a multiple-step income statement (LO6-2) A company reports the following amounts in its December 31, Year 1, income statement. oints Sales revenue

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Exercise 6-2B Prepare a multiple-step income statement (LO6-2) A company reports the following amounts in its December 31, Year 1, income statement. oints Sales revenue $369,000 Income tax expense 47,000 17,000 Cost of goods sold 127,000 37,000Advertising expense27,000 47,000 Skipped Interest expense Salaries expense Utilities expense eBook Required: Prepare a multiple-step income statement Multiple-step Income Statement ed For the year ended December 31, Year 1 ces Total operating expenses 0 Operating income

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