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View Policies Current Attempt in Progress The following selected accounts from the Novak Corp's general...

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Accounting

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View Policies Current Attempt in Progress The following selected accounts from the Novak Corp's general ledger are presented below for the year ended December 31, 2022: Advertising expense Common stock Cost of goods sold Depreciation expense Dividends Freight-out Income tax expense Insurance expense Interest expense $ 66,000 261,000 1,096,000 136,000 161.000 36,000 81,000 15,000 80,000 Interest revenue Inventory Rent revenue Retained earnings Salaries and wages expense Sales discounts Sales returns and allowances Sales revenue $ 43,000 78,000 24,000 546,000 685,000 9.700 54,000 2,410,000 Prepare a multiple step income statement. Novak Corp. Income Statement For the Year Ended December 31, 2022 V

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