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Prepare a single-step income statement

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Problem - Single-step income statement

Summary operating data for Heartland Company during the current year ended November 30, 2012, are as follows: cost of merchandise sold, $2,500,000; administrative expenses, $300,000; interest expense, $20,000; rent revenue, $95,000; net sales, $4,200,000; and selling expenses, $400,000. Prepare a single-step income statement.

Reference no: EM132680244

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