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More Gud Fud operates several retail stores that specialize in products for a healthy lifestyle. Some of its financial information is shown below for its
More Gud Fud operates several retail stores that specialize in products for a healthy lifestyle. Some of its financial information is shown below for its fiscal year ended May 31, 2019. Cost of Goods Sold $71,700 Depreciation Expense $5,740 Gain on Sale of Equipment $4,890 Interest Expense $650 Insurance Expense $10,700 Salaries Expense $39,600 Sales Discounts $2,500 Sales Returns and Allowances $6,000 Sales Revenue $191,700 Supplies Expense $2,800 Utilities Expense 510,900 Required Prepare a multi-step income statement Do not enter dollar signs or commas in the input boxes Enter all accounts under the appropriate section in alphabeticaorden Do not use negative signs Do not use negative signs. More Gud Fud Income Statement For the Year Ended May 31, 2019 Sales Revenue Less: * $ * $ Subtotal $ Net Sales $ $ $ $
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