The following information for ABC company covers the year ended 2020: Advertising expenses 3,100 Commission expenses 8,600
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Question:
The following information for ABC company covers the year ended 2020:
Advertising expenses | 3,100 |
Commission expenses | 8,600 |
Cost of goods sold | 110,000 |
Other selling expenses | 3,700 |
Income tax expenses | 8,150 |
Insurance expense | 2,000 |
Interest expense | 12,000 |
Dividend income | 2,000 |
Rent expenses of administration building | 9,000 |
Salary expenses for office staff | 11,000 |
Sale revenue | 190,000 |
Required: Prepare a multiple-step income statement
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