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The following selected information is for Sunland Company for the year ended January 31, 2024: Delivery expense Freight in Insurance expense Interest expense Merchandise inventory,
The following selected information is for Sunland Company for the year ended January 31, 2024: Delivery expense Freight in Insurance expense Interest expense Merchandise inventory, beginning Merchandise inventory, ending O. G. Lewis, capital O. G. Lewis, drawings Purchases (a) $7,200 6,700 12,100 6,800 61,200 46,000 105,000 42,300 210,000 Purchase discounts Purchase returns and allowances Rent expense Salaries expense Salaries payable Sales Sales discounts Sales returns and allowances Unearned revenue $12,400 16,100 20,100 60,800 2,500 323,000 14,300 20,200 4,500 Prepare a multiple-step income statement. (Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).)
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