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Prepare a multistep income statement for tulip corporation

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Reference no: EM132666069

Problem 1: Prepare a multistep Income statement for Tulip Corporation for 2019 using the below data.

Accounts payable?6,200?                   Cleaning expense?1,100
Repair expense?800?                         Salary expense?5,600
Cost of goods sold ?17,300                   Sales revenue? 40,500
Income tax expense?550                     ?Interest expense?850
Utilities expense?900 ?                     Share capital?10,000

Reference no: EM132666069

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