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Using the following data, prepare a multistep income statement for Matthew's Dry Goods for the month ended February 28, 2010. Cost of Goods Sold $15,000

Using the following data, prepare a multistep income statement for Matthew's Dry Goods for the month ended February 28, 2010. Cost of Goods Sold $15,000 General and Administrative Expenses 4,000 Net Sales 25,000 Selling Expenses 3,500 Income Taxes 475 Important Information: Indentation and column formating is often lost when the problems are submitted. Please do not spend time correcting indents or column problems

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