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Instruction The following income statement items, arranged in alphabetical order, are taken from the records of Corbin Enterprises for the current year: ccounts Advertising expense
Instruction The following income statement items, arranged in alphabetical order, are taken from the records of Corbin Enterprises for the current year: ccounts Advertising expense Cost of goods sold Depreciation expense-computer Dividend revenuee Income tax expense Interest expense Rent expense-office $26,400 18,000 350,000 1,300 6,750 45,600 $9,000 150,000 Rent expense-salesperson' s car 4,500 2,700 30,700 1,900 Sales revenue Supplies expense-office Utilities expense Wages expense Office Assume that Corbin Enterprises classifies all operating expenses into two categories: (1) selling and (2) general and administrative
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