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prepare the income statement 8A Interest revenue SO Interest expense 20.000 Sales revenue 605,000 Gain fron discontinued operations 15.000 Cost of goods sold 371.000 Preferred

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8A Interest revenue SO Interest expense 20.000 Sales revenue 605,000 Gain fron discontinued operations 15.000 Cost of goods sold 371.000 Preferred stock 80.000 Selenenses 74.000 Common stock 1.000.000 Administrative and general expenses 67.000 Retained earnings 631.000 Dividends: Share outstanding: Preferred $4,800 Preferred 6,000 Common $50,000 Common 200,000 Assume the total effective tax rate on all items is 22% Prepare a multiple-step income statement in accordance with generally accepted accounting principles counts more than formatting that is don't worry about commas in your numbers or getting your columns aligned)

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