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ones had the following items on the trial balance at December 31: Administrative expense 50,000 Cost of goods sold 30,000 Interest expense 100,000 Provision for

ones had the following items on the trial balance at December 31:

Administrative expense 50,000
Cost of goods sold 30,000
Interest expense 100,000
Provision for income tax 10,000
Sales 600,000
Selling expense 60,000
Unearned rent 6,000

Prepare a multi-step income statement.

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