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Single-Step Income Statement (Single, not multi) The following financial information is for the...

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Accounting

Single-Step Income Statement (Single, not multi)
The following financial information is for the Rupp Rubber Company.
\table[[Sales,$400,000,Utility expense,4,500],[Other income,3,000,Salaries expense,70,000],[Depreciation expense,42,000,Cost of goods sold,150,000],[Advertising expense,5,000,Interest expense,8,500],[R&D expense,12,000,,]]
Using either a computer or scrap sheet of paper, create a single-step income statement for Rupp Rubber for 2013. Assume a 25% tax rate.
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