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PLEASE HELP WITH THE MULTI-STEP INCOME STATEMENT. Prepare the budgeted multiple-step income statement for the first 6 months. (Round intermediate calculations to 2 decimal places

PLEASE HELP WITH THE MULTI-STEP INCOME STATEMENT. image text in transcribedimage text in transcribedimage text in transcribedimage text in transcribed

Prepare the budgeted multiple-step income statement for the first 6 months. (Round intermediate calculations to 2 decimal places and final answer to O decimal places, e.g. 1,255.) COOK FARM SUPPLY COMPANY Budgeted Income Statement For the x Months Ending June 30, 2017 Sales 4488800 Cost of Goods Sold 2322230 Gross Pront Selling and Administratlve Expenses Income from Operatlons Interest Expense 216657O 1033320 1133250 100000 Income Before Income Tax 1033250 Income Tax Expense 309975 Net Income/(Loss) 723275

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