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Make a condensed multiple-step income statement

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Question - Kingbird Corporation had net sales of $2,408,700 and interest revenue of $32,400 during 2020. Expenses for 2020 were cost of goods sold $1,459,800, administrative expenses $215,800, selling expenses $283,200, and interest expense $46,400. Kingbird's tax rate is 30%. The corporation had 101,300 shares of common stock authorized and 71,490 shares issued and outstanding during 2020. Make a condensed multiple-step income statement for Kingbird Corporation.

Reference no: EM132607620

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