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Verizon 5:37 PM 68% 5 Financial Statement resente below is information for Kaila Company for the month of March 2020 Prepare multiple-step income statement and calculate profitability. Cost of $215,000 Rent goods sold Freight-out7,000 Sales expense 30,000 8,000 discounts Insurance expense 6,000 Sales 13,000 returns and allowances 58,000 Sales Salaries and wages expense Instructions 380,000 revenue a. Prepare a multiple-step income statement b. Compute the gross profit rate 5-43 Reader Contents Notebook Bookmarks More