Question: Allstar Exposure designs and sells advertising services to small, relatively unknown companies. Last month, Allstar had sales commissions costs of $43,000, technology costs of $70,000,
Allstar Exposure designs and sells advertising services to small, relatively unknown companies. Last month, Allstar had sales commissions costs of $43,000, technology costs of $70,000, and research and development costs of $210,000. Selling expenses were $14,000, and administrative expenses equaled $33,000. Sales totaled $455,000.
1. Prepare an income statement for the last month
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