Question: Answer is complete but not entirely correct. CP6-5 (Algo) Preparing a Multistep Income Statement and Computing the Gross Profit Percentage [LO 6 6] [The following

Answer is complete but not entirely correct. CP6-5 (Algo) Preparing a Multistep Income Statement and Computing the Gross Profit Percentage [LO 6 6] [The following information applies to the questions displayed below.] Psymon Company, Incorporated, sells construction equipment. The annual fiscal period ends on December 31 . The following adjusted trial balance was created from the general ledger accounts on December 31

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