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prepare a multiple step income statement for somoa company for the year ended December 31,2021 Problem Two: Income Statement Below is a Multiple Step Income

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prepare a multiple step income statement for somoa company for the year ended December 31,2021

Problem Two: Income Statement Below is a Multiple Step Income Statement related to Samoa Company. Account Balance Account Title Cost of goods sold Depreciation Expense Freight-out Gain from selling machine Interest expense Interest revenue Loss from strike Rent revenue Salaries expense Sales discounts Sales returns and allowances Sales revenue Supplies expense $400,000 50,000 40.000 $6,000 20,000 30,000 9,000 40,000 60,000 41,000 35,000 800,000 30,000 Page 5 of 9

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