Question: 3 = View Policies Current Attempt in Progress The following selected accounts from the Kingbird, Inc's general ledger are presented below for the year ended
3 = View Policies Current Attempt in Progress The following selected accounts from the Kingbird, Inc's general ledger are presented below for the year ended December 31, 2022: Advertising expense $ 62,000 Interest revenue $ 39,000 Common stock 257,000 Inventory 74,000 Cost of goods sold 1,092,000 Rent revenue 24.000 Depreciation expense 132,000 Retained earnings 542.000 Dividends 157.000 Salaries and wages expense 681,000 Freight-out 32,000 Sales discounts 9.400 Income tax expense 77.000 Salles returns and allowances 50,000 Insurance expense 15.000 Sales revenue 2,406,000 Interest expense 76,000 Prepare a multiple-step income statement. Kingbird, Inc. Income Statement $
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