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Prepare a multiple-step income statement for splish brothers

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Reference no: EM132805318

Presented below is information for Splish Brothers Inc. for the month of January 2022.

Cost of goods sold $219,870

Rent expense $31,000

Freight-out 7,000

Sales discounts 7,000

Insurance expense 12,000

Sales returns and allowances 20,000

Salaries and wages expense 59,000

Sales revenue 376,000

Other comprehensive income 2,100

Problem 1: Prepare a multiple-step income statement

Reference no: EM132805318

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