Question: Complete the income statement using the information below: Sales: $650,000 Sales Returns & Allowances: $ 20,000 Sales Discount: $ 48,000 Cost of Goods Sold:

Complete the income statement using the information below: Sales: $650,000 Sales Returns

Complete the income statement using the information below: Sales: $650,000 Sales Returns & Allowances: $ 20,000 Sales Discount: $ 48,000 Cost of Goods Sold: Advertising Expense $292,500 $ 12,000 Depreciation Expense: $ 42,000 Rent Expense: Salary Expense: $ 24,000 $110,000 Utilities Expense: $ 7,000

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