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The following selected accounts from the Blue Door Corporation's general ledger are presented below for the year ended December 31, 2022 Advertising expense $55,000 Interest

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The following selected accounts from the Blue Door Corporation's general ledger are presented below for the year ended December 31, 2022 Advertising expense $55,000 Interest revenue Common stock 250,000 Inventory $ 30,000 67.000 24,000 Cost of goods sold 1,085,000 Rent revenue Depreciation expense 125,000 Retained earnings 535,000 Dividends 150,000 Salaries and wages expense 675,000 8,500 Freight-out 25,000 Sales discounts Income tax expense 70,000 Sales returns and allowances 41,000 2,400,000 Insurance expense Sales revenue 15,000 70,000 Interest expense Prepare a multiple-step income statement. BLUE DOOR CORPORATION Income Statement For the Year Ended December 31, 2022 Sales Type here to search O R 9 e a TOSHIBA Sales Returns and Allowances Less Sales Discounts 8500 i Cost of Goods Sold 1085000 Gross Profit Salaries and Wages Expense Gross Profit Operating Expenses Salaries and Wages Expense Depreciation Expense Advertising Expense Type here to search Freight-Out Insurance Expense Other Revenues and Gains Other Expenses and Losses Income From Operations other revenue and expenses Interest Revenue Gross Profit Interest Expense Income before Income Taxes Income Tax Expense Net Income/Loss Type here to search TOSHIBA

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