Required information [The following information applies to the questions displayed below.] Baskin Robbins is one...
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Required information [The following information applies to the questions displayed below.] Baskin Robbins is one of the world's largest specialty ice cream shops. The company offers dozens of different flavors, from Very Berry Strawberry to lowfat Espresso 'n Cream. Assume that a local Baskin- Robbins in Raleigh, North Carolina, has the following amounts for the month of July 2021. $ 67,800 2,900 28,500 Salaries expense $13,300 Sales revenue Inventory (July 2.100 Interest income 1, 2021) Sales returns Cost of goods 1,200 sold Utilities 3,400 Rent expense expense Income tax 5,600 Interest expense expense Inventory (July 31, 2021) 6,300 500 1,200 Required: 1. Prepare a multiple-step income statement for the month ended July 31, 2021. BASKIN-ROBBINS Multiple-step Income Statement For the month of July 2021 Net sales: Total sales revenue Net sales revenue Operating expenses: Total Operating income Non-operating items: Total
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