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Prepare a multiple-step income statement

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Reference no: EM131590728

Question - Presented below is information for Furlow Company for the month of March 2017.

Cost of goods sold

$231,460

Rent expense

$30,380

Freight-out

6,860

Sales discounts

7,680

Insurance expense

5,900

Sales returns and allowances

13,120

Salaries and wages expense

58,280

Sales revenue

393,970

Required - Prepare a multiple-step income statement.

Reference no: EM131590728

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