Multi-Step Income Statement Question: Based on the Multi-step Income Statement you prepared on your scratch...
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Multi-Step Income Statement Question: Based on the Multi-step Income Statement you prepared on your scratch paper, what is the amount of "Operating Income" on the Multi-step Income Statement for the period ending 12/31/xx? Fill in the blank with your calculated number. DO NOT include commas, $ signs, period, decimal points, etc., just enter the raw number. Webcourses will add commas to your answer automatically. For example, if you calculated the answer to be $24,123, you would only input: 24123 Adjusted Trial Balance As of 12/31/20xx Accounts Normal Account Balance Cash $25,959 Accounts Receivable 24,500 Allowance for Uncollectible 3,000 Accounts Inventory 35,000 Deferred Revenue 10,000 Common Stock 50,000 Retained Earnings 10,000 Service Revenue 75,000 Sales Discounts 1,178 Cost of Goods Sold 50,120 Rent Expense 5,184 Interest Expense 4,000 Income Tax Expense 3,000
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