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Please help with this multi-step income statement question, thank you in advance! This is the income statement net sales are $98,897 Q1 Q2 Q3 Adjusted
Please help with this multi-step income statement question, thank you in advance!
Adjusted Trial Balance As of 12/31/20xx Accounts Normal Account Balance Cash $25.517 Accounts Receivable 24.500 Allowance for Uncollectible 3.000 Accounts Inventory 35.000 Deferred Revenue 10,000 Common Stock 50,000 Retained Earnings 10,000 Revenue (Sales) 100.000 Sales Discounts 1.103 Cost of Goods Sold 50.194 Rent Expense 5.140 Interest Expense 14.000 Income Tax Expense 3.000 Multi-Step Income Statement Question: Based on the Multi-step Income Statement you prepared on your scratch paper, what is the amount of "Gross Proht on the Multi-step Income Statement for the period ending 12/31/xx? Multi-Step Income Statement Question: Based on the Multi-step Income Statement you prepared on your scratch paper, what is the amount of Operating Income" on the Multi-step Income Statement for the period ending 12/31/xx? Multi-Step Income Statement Question: Based on the Multi-step Income Statement you prepared on your scratch paper, what is the amount of "Net Income After Taxes on the Multi-step Income Statement for the period ending 12/31/xx This is the income statement
net sales are $98,897
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