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JalenHurts, Inc. reported the following data in its accounting system for a recent month:
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| Interest expense | $ | 70 | | | Sales revenue | $ | 1,100 | |
| Income tax expense | | 30 | | | Investment income | | 20 | |
| Gain on Sale of Land | | 40 | | | Cost of goods sold | | 600 | |
| Selling, General, and Admin Expenses | | 250 | | | Sales returns | | 100 | |
| |
Required:
1. Based on the information presented above, prepare a multiple-step income statement for JalenHurts, Inc.
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