The accounting records for The Skate Shed, Inc., reflected the following amounts at the end of January
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The accounting records for The Skate Shed, Inc., reflected the following amounts at the end of January 2018:
Prepare The Skate Shed?s multistep income statement for the fiscal year ended January 31, 2018.
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Cost of Goods Sold . Equipment, Net Accrued Liabilities. Sales Revenue... Accounts Receivable. Prepaid Rent . Estimated Inventory Returns.. Interest Expense Cash . Total Operating Expenses.. Accounts Payable.. Total Stockholders' Equity Estimated Refund Liability . Long-Term Notes Payable Inventory.. Salaries Payable. $2,750 6,475 4,250 6,025 550 . 23,000 4,375 $21,000 25,700 2,475 41,500 3,100 ...... 1,200 325 375 1,150
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