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Prepare a multiple-step income statement for the year

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Reference no: EM132499434

Save-the-Earth Co. reports the following income statement accounts for the year ended December 31.

Sales discounts$940

Office salaries expense 3,900

Rent expense-Office space 3,400

Advertising expense 880

Sales returns and allowances 440

Office supplies expense 880

Cost of goods sold 12,800

Sales 58,000

Insurance expense 2,900

Sales staff salaries 4,400

Required:

Question 1: Prepare a multiple-step income statement for the year ended December 31.

Reference no: EM132499434

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