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The following data for the current year ended June 30 are from the accounting records of Administrative expenses Cost of merchandise sold Interest expense Rent

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The following data for the current year ended June 30 are from the accounting records of Administrative expenses Cost of merchandise sold Interest expense Rent revenue $28,750 181,440 3,600 1,500 534,440 65,000 Sales Selling expenses Prepare a multiple-step income statement for the year ended June 30. If an amount is a ne Zanadu Co. Income Statement For the Year Ended June 30 Gross profit Operating expenses: Total operating expenses Other revenue and expense: M

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