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The selected accounts from the Bridgeport Corp's accounting records are presented below for the year ended December 31, 2022: Advertising expense $47,300 Interest revenue
The selected accounts from the Bridgeport Corp's accounting records are presented below for the year ended December 31, 2022: Advertising expense $47,300 Interest revenue $25,800 Common stock 215,000 Inventory 57,620 Cost of goods sold 933,100 Rent revenue 20,640 Depreciation expense 107,500 Retained earnings 460,100 Dividends 129,000 Salaries and wages expense 580,500 Freight-out 21,500 Sales discounts 7,310 Income tax expense 60,200 Sales returns and allowances 35,260 Insurance expense 12,900 Sales revenue 2,064,000 Interest expense 60,200 Prepare a multiple-step income statement. BRIDGEPORT CORP. Income Statement $
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