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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 $ 860
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 $ 860 3,100 2,600 Advertising expense 720 Sales returns and allowances 360 Office supplies expense 720 Cost of goods sold 11,200 Sales 42,000 Insurance expense 2,100 3,600 Sales staff salaries Prepare a multiple-step income statement for the year ended December 31. Save-the-Earth Company Income Statement For Year Ended December 31 Expenses Selling expenses Total selling expenses General and administrative expenses Total general and administrative expenses Total expenses 0 0 0 0 0 0
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