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View Policies Current Attempt in Progress Financial information is presented below: $ 59000 5000 Operating...

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Accounting

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View Policies Current Attempt in Progress Financial information is presented below: $ 59000 5000 Operating expenses Sales returns and allowances Sales discounts Sales revenue Cost of goods sold 8000 204000 106000 The amount of net sales on the income statement would be O $199000. O $191000. O $204000. O $196000. Save for Later Attempts: 0 of 1 used Submit Answer The following information is available for Metlock, Inc for the year ended December 31, 2022 Other revenues and gains $9,100 Sales revenue $653,800 Other expenses and losses 15.300 Operating expenses 242,800 Cost of goods sold 245,500 Sales returns and allowances 40,000 Other comprehensive income 5.600 Prepare a multiple-step income statement for Metlock, Inc and comprehensive income statement. The company has a tax rate of 30%. This rate also applies to the other comprehensive income. Metlock, Inc Income Statement $ $ Save for Later Attempts: 0 of 1 used Submit

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