Prepare a multi-step income statement

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Question: Debits Credits

Sales revenue 3,300,000

Interest revenue 80,000

Rent revenue 171,000

Gain on sale of investments 24,000

Loss on sale of machinery 10,000

Cost of goods sold 2,100,000

Sales commissions expense 75,000

General & Administrative expenses 280,000

Restructuring costs 30,000

Underwriting fees 80,000

Income tax expense 400,000

Prepare a multi-step income statement for Mann Co. using the above information. The response must be typed, double spaced, times new roman, font size 12 and must follow APA format.

Reference no: EM132746043

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