Required information

$[$The following information applies to the questions displayed below.$]$

The following data were provided by Mystery Incorporated for the year ended December $31$:

Cost of Goods Sold

Income Tax Expense

Net Sales

Office Expense

Salaries and Wages Expense

$$173,000$

$20,120$

$293,670$

$19,800$

$43,400$

Required:

Prepare a multistep income statement for external reporting purposes.

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