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  1. business
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  3. prepare a multiple-step income statement showing t

Prepare a multiple-step income statement showing the expenses in detail. \table[[ELECTRIC BIKE],[Income Statement],[For...

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Accounting

Prepare a multiple-step income statement showing the expenses in detail.
\table[[ELECTRIC BIKE],[Income Statement],[For Year Ended December 31,2023],[Sales,,$,529,000],[Less: Sales returns and allowances,5,070,,],[,,5,070],[Net sales,,$,523,930],[Cost of goods sold,,,381,080],[,,],[Gross profit,,,142,850],[Operating expenses:],[Salaries expense,96,300,,],[Rent expense,29,100,,],[Insurance expense,3,000,,],[Store supplies,415,,],[Supplies expense,640,,],[Depreciation expense, equipment,6,000,,],[Total operating expenses,,,135,455],[Income from operations],[Other revenues and expenses:],[Interest income,,,320],[,,]]
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