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Question - Presented below is information for Pryor Company for the month of January 2020.
Cost of goods sold $232,000
Rent expense $ 30,000
Depreciation Expense 7,000
Sales discounts 8,000
Insurance expense 12,000
Sales returns and allowances 13,000
Salary expense 63,000
Sales 410,000
Interest expense 1,000
Gain on sale of equipment 4,000
Loss due to vandalism 5,000
Interest income 1,200
Inventory 2,000
Accounts receivable 1,200
Instructions - Do a multiple -step income statement.
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