in its income statement for the year ended december 31,

Project Description:

in its income statement for the year ended december 31, 2015, lemere company reported the following condensed data.operating expenses …………………………… $ 725,000cost of goods sold …………………………… 1,289,000interest expense ………………………………. 70,000interest revenue ………………………………. $ 28,000loss on disposal of plant assets ……………… 17,000net sales ……………………………………… 2,200,000instructions(a) prepare a multiple-step income statement.(b) prepare a single-step income statement.
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