Question 7 The following selected accounts from the Riverbed Corp's accounting records are presented below...
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Question 7 The following selected accounts from the Riverbed Corp's accounting records are presented below for the year ended December 31, 2017: Advertising expense $56,100 Interest revenue $ 30,600 Common stock 255,000 Inventory 68,340 Cost of goods sold 1,106,700 Rent revenue 24,480 Depreciation expense 127,500 Retained earnings 545,700 Dividends 153,000 Salaries and wages expense 688,500 25,500 Sales discounts 8,670 Income tax expense 71,400 Sales returns and allowances 41,820 Insurance expense 15,300 Sales revenue 2,448,000 Interest expense 7 1,400 Prepare a multiple-step income statement. RIVERBED CORP Income Statement Click if you would like to Show Work for this question: Open Show Work
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