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The information below relates to the operations of Carla Vista Corporation, a private company following ASPE, for the year ended December 31, 2020: $332,000 2,390
The information below relates to the operations of Carla Vista Corporation, a private company following ASPE, for the year ended December 31, 2020: $332,000 2,390 9.090 120,298 Cost of goods sold Interest expense Sales returns and allowances Accounts payable Sales discounts Depreciation expense Sales revenue Salaries and wages expense Prepaid expenses Rent expense Loss from fire 3,792 284,720 982,196 163,672 3,350 36,100 8,438 22,506 Rental revenue Additional information: . The effective tax rate is 30%. Depreciation expense: 80% administrative expense and 20% selling expense Salaries and wages expense: 35% administration expense and 65% selling expense Rent expense: 70% administration expense and 30% selling expense Prepare a multiple-step income statement in good form by function. (Enter selling expenses before administrative expenses. Round answers to 0 decimal places, e.g. 5,275.) Carla Vista Corporation Income Statement $ $ $ " 2
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