Question: =+EX 6-11 Multiple-step income statement obj. 2 a. Net income: $275,000 Ricardo Cepeda, Capital $1,137,600 Ricardo Cepeda, Drawing 50,000 Salaries Payable 6,000 Sales 2,550,000

=+EX 6-11 Multiple-step income statement obj. 2

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a. Net income:

$275,000 Ricardo Cepeda, Capital $1,137,600 Ricardo Cepeda, Drawing 50,000 Salaries Payable 6,000 Sales 2,550,000 Sales Discounts 40,000 Sales Returns and Allowances 160,000 Selling Expenses 410,000 Store Supplies 15,400

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