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Prepare a multiple-step income statement

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Question - The following information is available for Whispering Winds Corp. for the year ended December 31, 2022:

Other revenues and gains $11,900 Sales revenue $672,400

Other expenses and losses 14,800 Operating expenses 200,700

Cost of goods sold 201,900 Sales returns and allowances 40,000

Other comprehensive income 5,800

Required - Prepare a multiple-step income statement for Whispering Winds Corp. and comprehensive income statement. The company has a tax rate of 30%. This rate also applies to the other comprehensive income.

Reference no: EM133146342

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