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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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