Question: Prepare a multi-step income statement for BeTheEnd Sdn. Bhd. (an engineering wiring service) for the year ending December 31, 2021 given the information below: Item
Prepare a multi-step income statement for BeTheEnd Sdn. Bhd. (an engineering wiring service) for the year ending December 31, 2021 given the information below:
| Item | RM |
|---|---|
| Interest expense | 15240 |
| Cost of goods sold (COGS) | 241900 |
| Depreciation expense | 11520 |
| Salaries and wages | 17950 |
| Marketing and advertising expenses | 12930 |
| Revenue | 571100 |
| Taxes | 3270 |
| Utilities | 10200 |
| Rental payments | 39270 |
| R&D expenditures | 5300 |
| Repairs and maintenance costs | 2910 |
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