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Truko, Inc. provided the following partial-trial balance for the current year. Prepare a multiple-step income statement for the year ended December 31. Truko is subject
Truko, Inc. provided the following partial-trial balance for the current year. Prepare a multiple-step income statement for the year ended December 31. Truko is subject to a 40% income tax rate.
Trucko Inc.Partial Trial Balance (Selected Accounts)For the Year Ended December 31
AccountsDebit CreditDividends$2,460 Sales $225,400Dividend Income 3,830Interest Income 1,450Gain on Disposal of Plant Assets 14,810Unrealized Gain on Trading Investments 7,270Cost of Goods Sold 90,100 Office Supplies Expense4,500 Sales Salaries Expense8,390 Selling Expenses11,210 Accounting and Legal FeesGeneral Expense2,400 Advertising Expense6,660 Office Salaries Expense21,480 Depreciation ExpenseGeneral Expense18,600 Interest Expense2,570 Loss on Asset Impairment 1,840
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