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Multiple-Step Income Statement On December 31, 2020, Cooper Merchandising reported the following items related to sales of goods to customers for the current year: sales
Multiple-Step Income Statement On December 31, 2020, Cooper Merchandising reported the following items related to sales of goods to customers for the current year: sales revenue of $625,000 and dividend income was $4,200. Cost of goods sold of $258,000. Cooper also reported $1,250 of interest income, $103,600 of wages expense, $12.150 of depreciation expense, $23,575 of supplies expense, $78,000 of rent expense, $8,300 of miscellaneous expense, interest expense of $10,400 and $32,500 of income taxes expense. Prepare a multiple-step income statement for 2020
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