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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
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 lowtat 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 $13.500 2,200 1,000 3.500 5,800 Sales revenue Interest income Cost of goods sold Rent expense Interest expense Inventory (July 31, 2021) $68.800 3.100 28,600 6,500 300 1,000 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 Required information Net sales: Total sales revenue Net sales revenue Operating expenses: Total Operating income Non-operating items: Total T
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