Sunder Corporation had the information listed below available in preparing an income statement for the...
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Accounting
Sunder Corporation had the information listed below available in preparing an income statement for the year ended December 31, 2020. All amounts are before income taxes. Assume a 25% income tax rate for all items. Sales $825,000 97,000 Profit from operation of discontinued retail division Loss from disposal of retail division Operating expenses (79,000) 180,000 Rent revenue 78,000 392,000 Cost of goods sold Instructions Prepare a multiple-step income statement in good form. INSERT FS HEADING HERE
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