Make a multiple-step income statement

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Reference no: EM132657382

Question - In its income statement for the year ended December 31, 2020, Flounder Company reported the following condensed data.

Operating expenses $759,720. Interest revenue $29,970. Cost of goods sold 1,334,200. Loss on disposal of plant assets 15,910. Interest expense 71,270. Net sales 2,416,300. Other comprehensive loss 8,700.

Required - Make a multiple-step income statement.

Reference no: EM132657382

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