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Two accountants for the firm of Elwes and Wright are arguing about the merits of presenting an income statement in a multiple-step versus a single-step

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Two accountants for the firm of Elwes and Wright are arguing about the merits of presenting an income statement in a multiple-step versus a single-step format. The discussion involves the following 2025 information related to Bramble Company (\$000 omitted). Prepare an income statement for the year 2025 using the single-step form. (Round earnings per share to 2 decimal places, eg. 1.48.)

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