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In its income statement for the year ended December 31, 2022, Skysong, Inc. reported the following condensed data. Operating expenses $ 714,000 Interest revenue $
In its income statement for the year ended December 31, 2022, Skysong, Inc. reported the following condensed data. Operating expenses $ 714,000 Interest revenue $ 27,000 Cost of goods sold 1,250,000 Loss on disposal of plant assets 11,000 Interest expense 63,000 Net sales 2,194,000 Income tax expense 39,000 Other comprehensive income (net of $1,200 tax) 7,700 (a) Prepare a multiple-step income statement. Skysong, Inc. Income Statement
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