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Presented below is information for Larkspur, Inc. for the month of January 2022. Cost of goods sold $231,044 Rent expense $34,000 Freight-out 7,000 Sales
Presented below is information for Larkspur, Inc. for the month of January 2022. Cost of goods sold $231,044 Rent expense $34,000 Freight-out 7,000 Sales discounts 8,000 Insurance expense 12,000 Sales returns and allowances 20,000 Salaries and wages expense 56,000 Sales revenue 384,000 (a) Prepare a multiple-step income statement. (If there is a net loss then enter the amount using either a negative s eg.-45 or parentheses e.g. (45).)
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