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Prepare a multiple-step income statement

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

Cost of goods sold $224,660 Rent expense $ 32,260
Freight-out 6,640 Sales discounts 8,390
Insurance expense 5,610 Sales returns and allowances 12,440
Salaries and wages expense 58,950 Sales revenue 391,430

Prepare a multiple-step income statement.

Reference no: EM131717986

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