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Prepare a multiple step income statement given the following Prepare a multiple step income statement given the following information. Advertising expense Interest revenue Common stock
Prepare a multiple step income statement given the following information. Advertising expense Interest revenue Common stock Inventory Cost of goods sold Rent revenue Depreciation expense Retained earnings Dividends Salaries and wages expense Freight-out Sales discounts Income tax expense Sales returns and allowances Insurance expense Interest expense Sales revenue s 55,000 30,000 250,000 67 ,ooo 24,000 125,000 535,000 150,000 675,000 25,000 8,500 70,000 41,000 15,000 70,000 2,400,000
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