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The following information is available for Swifty Corporation for the year ended December 31, 2017: Other revenues and gains $9,400 Sales revenue $596,100 Other expenses
The following information is available for Swifty Corporation for the year ended December 31, 2017: Other revenues and gains $9,400 Sales revenue $596,100 Other expenses and losses 13,100 Operating expenses 245,900 Cost of goods sold 171,500 Sales returns and allowances 40,000 Other comprehensive income 5,900 Prepare a multiple-step income statement for Swifty Corporation 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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