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Problem 1: Gambino Enterprises, Inc. reported the following Items of revenues and expenses for the year ended December 31, 2022: Depreciation Expense 50,000 Interest

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Problem 1: Gambino Enterprises, Inc. reported the following Items of revenues and expenses for the year ended December 31, 2022: Depreciation Expense 50,000 Interest expense 75,000 Sales returns & allowances 500,000 Cost of goods sold 2,600,000 Rent expense 600,000 Sales revenue- Income tax expense Wages and salary expense Miscellaneous Income 7,000,000 293,000 2,250,000 50,000 Required: Prepare a multiple-step income statement for Gambino Enterprises, Inc. Gambino Enterprises, Inc. had 100,000 common stock shares outstanding for the whole year. I Table r Ti C Heac Row Co Ta

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