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P 4-2 The following information for Lesky Corporation covers the year ended December 31, 2012: LESKY CORPORATION Income Statement For the Year Ended December 31,
P 4-2 The following information for Lesky Corporation covers the year ended December 31, 2012: LESKY CORPORATION Income Statement For the Year Ended December 31, 2012 $362,000 1,000 2,400 365,400 Revenue: Revenues from sales Rental income Interest Total revenue Expenses: Cost of products sold Selling expenses Administrative and general expenses Interest expense Federal and state income taxes Total expenses Net income $242,000 47,000 11,400 2,200 20,300 322,900 $ 42,500 Required Change this statement to a multiple-step format, as illustrated in this chapter
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