Question: Prepare a multiple - step income statement that includes separate categories for net sales, cost of goods sold, selling general and administrative expenses. The company

Prepare a multiple

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step income statement that includes separate categories for net sales, cost of goods sold, selling general and administrative expenses. The company categorizes the following accounts as selling expenses: Sales Sal Depreciation Expense

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Store Equipment, and Advertising Expense. It categorizes theYremaining expenses as general administrative.

Income Statement

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