Question: Presented below is information for Jorge Company for the month of March 2012. Instructions(a) Prepare a multiple-step income statement.(b) Compute the gross profitrate. Cost of

Presented below is information for Jorge Company for the month of March 2012.

Instructions(a) Prepare a multiple-step income statement.(b) Compute the gross profitrate.

Cost of goods sold Rent expense $212.000 7,000 6,000 $ 32,000 Freight-out Insurance expense Salaries and wages expense Sales discounts Sales returns and allowances 8,000 13,000 58,000 380,000

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