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The following information is available for Quayle Company:
The following information is available for Quayle Company:
Sales $600,000
Sales Returns and Allowances 20,000
Cost of Goods Sold 398,000
Selling Expense 69,000
Administrative Expense 25,000
Interest Expense 19,000
Interest Revenue 20,000
Instructions
- Use the above information to make a multiple-step income statement for the year ended December 31, 2016.
