The following selected accounts from the Monty Corps general ledger are presented below for the...
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Accounting
The following selected accounts from the Monty Corps general ledger are presented below for the year ended December 31, 2022: Advertising expense $ $2,000 Interest revenue $30,000 Common stock 247,000 Inventory 64,000 Cost of goods sold 1,082,000 Rent revenue 24,000 Depreciation expense 122,000 Retained earnings 532,000 Dividends 147,000 Salaries and wages expense 672,000 Freight-out 22.000 Sales discounts 8,200 Income tax expense 67.000 Sales returns and allowances 41,000 Insurance expense 15,000 Sales revenue 2,397.000 Interest expense 67,000 Prepare a multiple-step income statement. Monty Corp. Income Statement $ $ Monty Corp. Income Statement $ $
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