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The following information is available for Monty Corp. for the year ended December 31, 2017: Other revenues and gains $11,900 Sales revenue $672,400 Other expenses
The following information is available for Monty Corp. for the year ended December 31, 2017:
Other revenues and gains | $11,900 | Sales revenue | $672,400 | |||
Other expenses and losses | 14,800 | Operating expenses | 200,700 | |||
Cost of goods sold | 201,900 | Sales returns and allowances | 40,000 | |||
Other comprehensive income | 5,800 |
Prepare a multiple-step income statement for Monty Corp and comprehensive income statement. The company has a tax rate of 30%. This rate also applies to the other comprehensive income.
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