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The following selected accounts from the Marigold Corp's general ledger are presented below for the year ended December 31, 2022: Advertising expense $44,000 Interest revenue
The following selected accounts from the Marigold Corp's general ledger are presented below for the year ended December 31, 2022: Advertising expense $44,000 Interest revenue $22,000 Common stock 239,000 Inventory 56,000 Cost of goods sold 1,074,000 Rent revenue 24,000 Depreciation expense 114,000 Retained earnings 524,000 Dividends 139,000 Salaries and wages expense 664,000 Freight-out 14,000 Sales discounts 7,800 Income tax expense 59,000 Sales returns and allowances 33,000 Insurance expense 15,000 Sales revenue 2,389,000 Interest expense 59,000 Prepare a multiple-step income statement. Marigold Corp. Income Statement
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