The following selected accounts from the Pronghorn Corp's general ledger are presented below for the...
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Accounting
The following selected accounts from the Pronghorn Corp's general ledger are presented below for the year ended December 31, 2017: $53,900 Interest revenue Advertising expense Common stock Cost of goods sold Depreciation expense Dividends Freight-out Income tax expense Insurance expense Interest expense 29,400 65,660 23,520 524,300 661,500 8,330 40,180 2,352,000 245,000Inventory 1,063,300 Rent revenue 122,500 147,000 24,500 68,600 14,700 68,600 Retained earnings Salaries and wages expense Sales discounts Sales returns and allowances Sales revenue Prepare a multiple-step income statement
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