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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 Rent expense-office space Advertising expense Sales

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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 Rent expense-office space Advertising expense Sales returns and allowances Office supplies expense Cost of goods sold Sales Insurance expense Sales staff salaries expense $ 810 2,600 2,100 620 310 620 10,200 32,000 1,600 3,100 Prepare a multiple-step income statement for the year ended December 31. 32,000 Save-the-Earth Company Income Statement For Year Ended December 31 Sales Less: Sales returns and allowances (Less: Sales discounts Net sales Cost of goods sold Gross profit Expenses Selling expenses 310 810 1,120 30,880 10,200 20,680 3,100 620 Sales staff salaries expense Advertising expense Total selling expenses General and administrative expenses Office supplies expense Insurance expense Office salaries expense 3.720 620 1600 2,600

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