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In its income statement for the year ended December 31, 2019, Larkspur, Inc. reported the following condensed data. Prepare a multiple-step income statement. Operating expenses
In its income statement for the year ended December 31, 2019, Larkspur, Inc. reported the following condensed data. Prepare a multiple-step income statement.
Operating expenses | $ 748,970 | Interest revenue | $ 30,060 | |||
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Cost of goods sold | 1,348,800 | Loss on disposal of plant assets | 18,640 | |||
Interest expense | 74,260 | Net sales | 2,409,600 | |||
Other comprehensive income | 6,720 | |||||
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