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LO4 12 Multi-step income statement These items were taken from the financial records of Tran Nguyen Pty Ltd: $ 17650 Electricity expense 50 Interest expense

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LO4 12 Multi-step income statement These items were taken from the financial records of Tran Nguyen Pty Ltd: $ 17650 Electricity expense 50 Interest expense 14600 Selling expense Administrative expense 15230 500 Interest revenue 75620 Cost of sales 154900 Net sales REQUIRED Prepare a multi-step income statement assuming Tran Nguyen pays the 25 per cent company rate and has a 30 June financial year end (you can assume in this case accounting profit equals taxable income)

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