Question: 0.50 points E6-21 Part 1 Required: 1. Prepare a multistep income statement for internal reporting purposes. MYSTERY INCORPORATED Income Statement For the Year Ended December

statement for internal reporting purposes. MYSTERY INCORPORATED Income Statement For the Year

0.50 points E6-21 Part 1 Required: 1. Prepare a multistep income statement for internal reporting purposes. MYSTERY INCORPORATED Income Statement For the Year Ended December 31 Revenues ales Revenue Less: Sales Returns and Allowances Net Sales Cost of Goods Sold S 270,000 (6,750) 263,250 (160,000) 103,250 Operating Expenses 103,250 Net Income $ 103,250

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