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Prepare a multiple-step income statement for jain corp

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Reference no: EM13510646

The following information is available for Jain Corp. for the year ended December 31, 2012:

Other revenues and gains .............. $ 12,700
Net sales ................................. $552,000
Other expenses and losses ................ 13,300
Operating expenses ...................... 186,000
Cost of goods sold ....................... 156,000

Prepare a multiple-step income statement for Jain Corp. The company has a tax rate of 30%.

Reference no: EM13510646

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