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The following selected accounts from the Sheridan Company's general ledger are presented below for the year ended December 31, 2022: Advertising expense Common stock Cost
The following selected accounts from the Sheridan Company's general ledger are presented below for the year ended December 31, 2022: Advertising expense Common stock Cost of goods sold Depreciation expense Dividends Freight-out Income tax e pense Insurance expense Interest expense $ 47,000 242,000 1,077,000 117,000 142,000 17.000 62.000 15.000 62.000 Interest revenue Inventory Rent revenue Retained earnings Salaries and wages expense Sales discounts Sales returns and allowances Sales revenue $ 25.000 59.000 24,000 527.000 667.000 8.100 36.000 2.392.000 Prepare a multiple-step income statement Sheridan Company Income Statement For the Year Ended December 31, 2022 Sales Revenue 2392000 tes Sales Discounts 8100 Sales Returns and Allowances 36000 2347900 Gross Profit Income before Income Taxes 394900 Income Tax Expense Net Income foss $
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