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More Gud hud operates several retail stores that specialize in products for a healthy lifestyle. Some of its financial information is shown below for its
More Gud hud 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 February 29, 2016 Cost of Goods Sold $62,700 Depreciation Expense $5,200 Gain on Sale of Equipment $4,820 Interest Expense $500 Insurance Expense $11,200 Salaries Expense $37,900 Sales Discounts $2,900 Sales Returns and Allowances $5,900 Sales Revenue $182,700 Supplies Expense $3,300 Utilities Expense $10,700 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 alphabetical order Do not use negative signs. More Gud Fud Income Statement For the Year Ended February 29, 2016 Sales Revenue $ For the Year Ended February 29, 2016 Sales Revenue Less: $ . $ Subtotal $ Net Sales $ . Gross Profit $ Operating Expenses $ . $ . $ . $ . $ Total Operating Expenses $ $ Operating Income Other Revenue and Expenses 4 $
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