Question: I need the solution to this problem. Required Information The following information applies to the questions displayed below.) ToysRUs sells a variety of children's toys,
Required Information The following information applies to the questions displayed below.) Toys"R"Us sells a variety of children's toys, games, books, and accessories. Assume that a local store has the following amounts for the month of March 2021 Sales revenue Advertising expense Rent expense Gain on sale of building Inventory (Mar. 1. 2021) Cost of goods sold 576,300 Inventory (Mar 31, 2021) 6,20 Insurance expense 4,100 Sales discounts 7,3 Salaries expense 2,700 Income tax expense 35,700 $1,200 2,200 2. See 9,20 Required: 1. Prepare a multiple-step income statement for the month ended March 31, 2021 TOYS"R"US Multiple step Income Statement For the month of March 2021 Net sales Total sales revenue Net sales revenue Operating expenses Total Operating income Non-operating tems Total
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