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Question 2 of 3 View Policies < Current Attempt in Progress The following selected accounts from the Whispering Winds Corp.'s general ledger are presented
Question 2 of 3 View Policies < Current Attempt in Progress The following selected accounts from the Whispering Winds Corp.'s general ledger are presented below for the year ended December 31, 2022: Advertising expense $51,000 Interest revenue $29,000 Common stock 246,000 Inventory 63,000 Cost of goods sold 1,081,000 Rent revenue 24,000 Depreciation expense 121,000 Retained earnings 531,000 Dividends 146,000 Salaries and wages expense 671,000 Freight-out 21,000 Sales discounts 8,300 Income tax expense 66,000 Sales returns and allowances 40,000 Insurance expense 15,000 Sales revenue 2,396,000 Interest expense 66,000 Prepare a multiple-step income statement. 80 238 74 Whispering Winds Corp. Income Statement % 6 85 74 #3 @2 W LLI E R T & 4 27 8 9 0 O P
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