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Question - Spring Cleaning Company reported the following balances for 2020. Use this information to prepare the multistep income statement for the year ended December 31, 2020.
Advertising expense $7,200
Cost of goods sold 11,200
Gain on sale of land 5,000
Income tax expense 100
Interest expense 2,240
Loss from fire damage 9,400
Revenue 62,800
Salaries expense 22,170
Supplies expense 8,450
Utilities expense 2,900
The following information is available for a company before closing the accounts. After all the closing entries are made, what will be the balance
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