Question: 5:38 The following information is for Built by 'U' Ltd. for the year ended December 31, 2020: Cost of goods $171.300 4,000 6.300 1000 5.200

5:38 The following information is for Built by 'U' Ltd. for the year ended December 31, 2020: Cost of goods $171.300 4,000 6.300 1000 5.200 Prepare a statement of income, in single-step format, and multi-step format based on the information. SINGLE-STEP INCOME STATEMENT FORMAT BUILT BY 'U' LTD. STATEMENT OF INCOME MULTI-STEP INCOME STATEMENT FORMAT BUILT BY ULTD. STATEMENT OF INCOME MULTI-STEP INCOME STATEMENT FORMAT BUILT BY 'U' LTD. STATEMENT OF INCOME The following information is for Built by 'U' Ltd. for the year ended December 31, 2020: Cost of goods sold $171,500 Wages expense 4,600 Dividend revenue 2,000 Interest revenue 6,300 Interest expense 7,000 Rent revenue 10.900 Depreciation expense 60,800 Rent expense 5,200 Sales revenue 298.400 Income tax e 10,000 Prepare a statement of income, in single-step format, and multi-step format based on the information. SINGLE-STEP INCOME STATEMENT FORMAT BUILT BY 'U' LTD. STATEMENT OF INCOME MULTI-STEP INCOME STATEMENT FORMAT BUILT BY 'U' LTD. STATEMENT OF INCOME $

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