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Problem 1 Multi-step condensed income statement INSTRUCTIONS: Prepare a Multi-Step condensed income statement for Ozark Corp. Net Sales 1,800 Interest Revenue 25 COGS 720 Administrative

Problem 1 Multi-step condensed income statement
INSTRUCTIONS: Prepare a Multi-Step condensed income statement for Ozark Corp.
Net Sales 1,800
Interest Revenue 25
COGS 720
Administrative Expenses 680
Selling Expenses 340
Interest Expense 10
Tax rate 30%
Shares authorized 10,000
Shares issued and outstanding 100

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