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  3. jalenhurts, inc. reported the following data in it

JalenHurts, Inc. reported the following data in its accounting system for a recent month: ...

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Accounting

JalenHurts, Inc. reported the following data in its accounting system for a recent month:

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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