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The adjusted trial balance of Carla Vista Company included the following selected accounts: Debit Credit...

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Accounting

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The adjusted trial balance of Carla Vista Company included the following selected accounts: Debit Credit Sales Revenue $631,000 Sales Returns and Allowances $51,000 Sales Discounts 10,000 Cost of Goods Sold 408,000 Freight-Out 2,400 Advertising Expense 15,600 Interest Expense 24,400 Salaries and Wages Expense 83.000 Utilities Expense 24,000 Depreciation Expense 3,300 Interest Revenue 26,300 Use the above information to prepare a multiple-step income statement for the year ended December 31, 2022. (List other revenues before other expenses.) Income Statement Calculate the profit margin and gross profit rate. (Round answers to 1 decimal places, e.g. 15.2%.) Profit margin Gross profit rate

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