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From the following accounts, prepare a multi-step income statement for Kokomo Wholesale for the year ended December 31. Selling, general and administrative expense $535,200 Sales
From the following accounts, prepare a multi-step income statement for Kokomo Wholesale for the year ended December 31.
| Selling, general and administrative expense | $535,200 | Sales revenue | 1,579,200 |
| Cost goods sold | 960,000 | Income tax expense | 19,200 |
| Interest expense | 9,600 |
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Financial Accounting
Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso
2nd Edition
047116920X, 978-0471169208
