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In its income statement for the year ended December 31, 2022, Blue Spruce Corp. reported the following condensed data. Salaries and wages expenses Cost of
In its income statement for the year ended December 31, 2022, Blue Spruce Corp. reported the following condensed data. Salaries and wages expenses Cost of goods sold Interest expense Interest revenue Depreciation expense (a) $558,000 1,184,400 85,200 78,000 372,000 Loss on disposal of plant assets Sales revenue Income tax expense Sales discounts Utilities expense Prepare a multiple-step income statement. (List other revenues before other expenses.) Blue Spruce Corp. Income Statement $ $100,200 2,652,000 30,000 192,000 132,000
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