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Q3. From the following information of NaNg Company prepare a multi-step income statement For the Year Ended December 31, 2019 (2 marks) Sales $137,460 Sales
Q3. From the following information of NaNg Company prepare a multi-step income statement For the Year Ended December 31, 2019 (2 marks) Sales $137,460 Sales Returns $2,060 Sales Discounts $5,190 Cost of Goods Sold $62,990 Freight-Out $6,150 Advertising Expense $5,790 Sales Commissions Expense $3,470 Office Salaries Expense $18,510 Office Rent Expense $14,000 Office Supplies Expense $5,330 Gains on Sale Equipment $2,430 Loss on Sales of Investments $1,640 Interest Expense $930
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