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Save-the-Earth Company reports the following income statement accounts for the year ended December 31. Sales discounts office salaries expense $940 3,900 Rent expense-office space 3,400

image text in transcribedimage text in transcribed Save-the-Earth Company reports the following income statement accounts for the year ended December 31. Sales discounts office salaries expense $940 3,900 Rent expense-office space 3,400 Advertising expense 880 Sales returns and allowances 440 office supplies expense 880 Cost of goods sold 12,800 Sales 58,000 Insurance expense 2,900 4,400 Sales staff salaries expense Prepare a multiple-step income statement for the year ended December 31. Save-the-Earth Company Income Statement For Year Ended December 31 Sales Less: Sales returns and allowances Less: Sales discounts Net sales Expenses Selling expenses Total selling expenses General and administrative expenses 0 0 O Prepare a multiple-step income statement for the year ended December 31. Save-the-Earth Company Income Statement For Year Ended December 31 Sales Less: Sales returns and allowances Less: Sales discounts Net sales Expenses Selling expenses Total selling expenses General and administrative expenses Total general and administrative expenses Total expenses 0 0 0 0

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