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The following selected accounts from the Kingbird, Inc.'s general ledger are presented below for the year ended December 31, 2022: Advertising expense $ 62,000 Interest
The following selected accounts from the Kingbird, Inc.'s general ledger are presented below for the year ended December 31, 2022: Advertising expense $ 62,000 Interest revenue $ 39,000 Common stock 257,000 Inventory 74,000 id Cost of goods sold 1,092,000 Rent revenue 24,000 Depreciation expense 132,000 Retained earnings 542,000 Dividends 157,000 Salaries and wages expense 681,000 Freight-out 32,000 Sales discounts 9,400 Income tax expense 77,000 Sales returns and allowances 50,000 Insurance expense 15,000 Sales revenue 2,406,000 Interest expense 76,000 Prepare a multiple-step income statement. Kingbird, Inc. Income Statement
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