Question: 6. Using the information provided from Stanley Company at the end of December 31, 2019, prepare SINGLE-STEP, Income Statement, IN GOOD FORM for the Company:

 6. Using the information provided from Stanley Company at the end

6. Using the information provided from Stanley Company at the end of December 31, 2019, prepare SINGLE-STEP, Income Statement, IN GOOD FORM for the Company: Sales Discount $750 Office salaries expense $2,000 Rent Expense Office $1,500 Advertising expense $ 500 Sales returns $ 250 Interest Income $ 800 ** Office equipment depreciation $500 Cost of goods sold $9,000 Sales Revenue $25,000 Insurance expense $1,000 Sales staff Salaries $2,500 ** Interest income includes $200 that is unearned. Questions 32 - 40 (18 points)

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