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Multiple-Step Income Statement Curbstone Company Income Statement For the Year Ended August 31, 2018 Sales Cost of goods sold Income from operations Expenses: $8,595,000 6,110,000

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Multiple-Step Income Statement Curbstone Company Income Statement For the Year Ended August 31, 2018 Sales Cost of goods sold Income from operations Expenses: $8,595,000 6,110,000 $2,485,000 Selling expenses Administrative expenses Delivery expense $800,000 575,000 $425,000 1,800,000 $685,000 Total expenses Other expense: Interest revenue 45,000 $640,000 Gross profit The income statement above contains errors. Prepare a corrected multi-step income statement Curbstone Company Income Statement

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