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Use the following single-step income statement of Blossom Company to prepare a multi-step version. (List other revenues and gains before other expenses and losses.)
Use the following single-step income statement of Blossom Company to prepare a multi-step version. (List other revenues and gains before other expenses and losses.) Income Statement For the Year Ended December 31, 2022 Net Sales $120,000 Gain on the sale of investments 2,000 $122,000 Cost of goods sold 60,000 Operating expenses 20,000 Interest expense Net income 1,000 81,000 $41,000 Income Statement For the Year Ended December 31, 2022
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