Reference no: EM131790548
Question - The following income statement items, arranged in alphabetical order, are taken from the records of Shaw Corporation for the year ended December 31, 2008:
Advertising expense $ 1,500
Commissions expense 2,415
Cost of goods sold 29,200
Depreciation expense- office building 2,900
Income tax expense 1,540
Insurance expense- salesperson's auto 2,250
Interest expense 1,400
Interest revenue 1,340
Rent revenue 6,700
Salaries and wages expense- office 12,560
Sales revenue 48,300
Supplies expense- office 890
Required - Prepare a multiple- step income statement for the year ended December 31, 2008.
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