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Whispering Winds Limited reports the following information: sales $1,284,000; cost of goods sold $789,600; administrative expenses $192,000; selling expenses $132,000; other income $31,200; other
Whispering Winds Limited reports the following information: sales $1,284,000; cost of goods sold $789,600; administrative expenses $192,000; selling expenses $132,000; other income $31,200; other expenses $42,000; and income tax expense $32,400. Assuming Whispering Winds uses a multiple-step statement of income.
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