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The comparative income statement of Running Music Co. for the years ended December? 31, 2014 and 2013 is as? follows: Prepare a comparative? common-size income
The comparative income statement of Running Music Co. for the years ended December? 31, 2014 and 2013 is as? follows:
Prepare a comparative? common-size income statement for Running Music? Co., rounding to four decimal places. ?(Round your answers to? one-hundredth of a? percent, X.XX%.)
Running Music Co Comparative Income Statements Years Ended December 31, 2014 and 2013 2014 2013 Total revenue 852,000 912,000 Expenses s 402,000 s 408,000 Cost of goods sold Selling and general expenses 232,000 262,000 9,200 10,500 Interest expense 84,000 83,000 Income tax expense 726,200 764,500 Total expenses 125,800 147,500 Net incomeStep by Step Solution
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