Question: Current Attempt in Progress Sage Hill Company had the following normal account balances on selected accounts: Sales Revenue $711,000 Sales Returns and Allowances 55,000

Current Attempt in Progress Sage Hill Company had the following normal account

Current Attempt in Progress Sage Hill Company had the following normal account balances on selected accounts: Sales Revenue $711,000 Sales Returns and Allowances 55,000 Sales Discounts 37,600 Cost of Goods Sold 436,800 Freight-Out 2,200 Advertising Expense 16,500 Interest Expense 21,200 Salaries and Wages Expense 92,700 Utilities Expense 25,900 Depreciation Expense 4,300 Interest Revenue 27,500 (a) Use the above information to prepare a multiple-step income statement for the year ended December 31, 2027. (List Other Revenues before Other Expenses.) SAGE HILL COMPANY Income Statement $

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