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Required Information [The following information applies to the questions displayed below.) Baskin Robbins is one of the world's largest specialty ice cream shops. The company

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Required Information [The following information applies to the questions displayed below.) Baskin Robbins is one of the world's largest specialty ice cream shops. The company offers dozens of different flavors, from Very Berry Strawberry to lowfat Espresso 'n Cream. Assume that a local Baskin-Robbins in Raleigh, North Carolina, has the following amounts for the month of July 2021. Salaries expense Inventory (July 1, 2021) Sales returns Utilities expense Income tax expense $11,800 Sales revenue 1,350 Interest income 1,100 Cost of goods sold 2,650 Rent expense 4,100 Interest expense Inventory (July 31, 2021) $60,300 1,400 27,750 4,880 480 1,180 Required: 1. Prepare a multiple-step Income statement for the month ended July 31, 2021. BASKIN-ROBBINS Multiple-step Income Statement For the month of July 2021 Net sales Total sales revenue Net sales revenue Operating expenses 0 Total Operating income Non-operating items Total

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