Muti step income statement

multi step income statement

Delivery expense $7,500 Purchase discounts $12,100 Freight in 6,800 Purchase returns and allowances 16,500 nsurance expense 12,600 Rent expense 20,500 nterest expense 6,800 Salaries expense 60,800 Merchandiseinventory,beginning61,400Salariespayable2,500 Merchandiseinventory,ending43,000Sales324,000 O. Gaylor, capital 105,000 Sales discounts 14,200 O. Taylor, drawings 42,000 Sales returns and allowances 20,400 213,000 Unearned revenue 4,500 The following selected information is for Sandhill Company for the year ended January 31, 2024: Delivery expense Freight in Insurance expense Interest expense Merchandise inventory, beginning Merchandise inventory, ending O. G. Taylor, capital O. G. Taylor, drawings Purchases The following selected information is for Sandhill Company for the year ended January 31, 2024: Prepare a multiple-step income statement. (Enter negative amounts using either a negative sign preceding the number e.g. 45 or parentheses e.g. (45).)