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Profitability and the Income Statement Presented below is income statement data for Longo & Company as of year-end 2013: Income Tax Expense Cost of Goods

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Profitability and the Income Statement Presented below is income statement data for Longo & Company as of year-end 2013: Income Tax Expense Cost of Goods Sold Other Expenses Net Revenue Operating Expenses $5,500 12,400 800 58,600 26,100 Required Prepare a multi-step income statement for 2013. Do not use negative signs with your answers. LONGO & COMPANY ncome Statement 2013 Gross Profit on Sales Operating Income Income before Income Taxes Net Income

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