Provide a multiple-step income statement for berg inc

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Berg, Inc. provides exotic wedding planning services. Berg's facilities are located in an elevated area with a dry climate. Assume all amounts are pre-tax and a 21% tax rate for the year.

Interest expense $30,000
Cost of goods sold 900,000
Flood damage to facilities 60,000
Revenue 2,100,000
Office salaries expense 150,000
Advertising expense 180,000
Rent expense 100,000
Restructuring charges 80,000

Required:

Problem 1: Based on the available information, provide a multiple-step income statement for Berg, Inc. for the year ended December 31. Indicate all negative numbers using parentheses, and include all subtotals, appropriately labeled, to present your income statement in good form.

Reference no: EM132982394

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