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The accounting records for The Skate Shed, Inc., reflected the following amounts at the end of January 2018: (Click the icon to view the accounts.)
The accounting records for The Skate Shed, Inc., reflected the following amounts at the end of January 2018: (Click the icon to view the accounts.) Prepare The Skate Shed's multistep income statement for the fiscal year ended January 31, 2018. (Use a minus sign or parentheses for a loss.) The Skate Shed, Inc. Income Statement Year Ended January 31, 2018 Operating income (loss) Net income (loss) i Data Table Cash .........$ Total operating expenses ...... Accounts payable ............ Total stockholders' equity ...... Estimated refund liability .... Long-term notes payable ....... Inventory Salaries payable 2,750 6,475 4,250 6,025 550 23,000 4,375 1,150 Cost of goods sold........... $ Equipment, net ............ Accrued liabilities Sales revenue .............. Accounts receivable Prepaid rent...... Estimated inventory returns ... Interest expense 21,000 25,700 2,475 41,500 3,100 1,200 325 375 Print Done
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