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View Policies Current Attempt in Progress The following selected accounts from the Sunland Company's general ledger are presented below for the year ended December
View Policies Current Attempt in Progress The following selected accounts from the Sunland Company's general ledger are presented below for the year ended December 31. 2022: Advertising expense $ 53,000 Interest revenue $31,000 Common stock 248,000 Inventory 65,000 Cost of goods sold 1,083,000 Rent revenue 24,000 Depreciation expense 123,000 Retained earnings 533,000 Dividends 148,000 Salaries and wages expense 673,000 Freight-out 23,000 Sales discounts 8,400 Income tax expense 68,000 Sales returns and allowances 42,000 Insurance expense 15,000 Sales revenue 2,398,000 Interest expense 68,000 Prepare a multiple-step income statement. Sunland Company Income Statement December 31, 2022
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