The following data were provided by Mystery Incorporated for the year ended December 31: Cost of Goods Sold $ 168,000 Income Tax Expense 18,650 Merchandise Sales (gross revenue) for Cash 246,000 Merchandise Sales (gross revenue) on Credit 43,200 Office Expenses 19,300 Sales Returns and Allowances 7,230 Salaries and Wages Expense 41,400 Required: Prepare a multistep income statement.
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Home » Business » The following data were provided by Mystery Incorporated for the year ended December 31: Cost of Goods Sold $ 168,000 Income Tax Expense 18,650 Merchandise Sales (gross revenue) for Cash 246,000 Merchandise Sales (gross revenue) on Credit 43,200