Question: Problem 3 Prepare a multiple-step income statement for Goodwin Co. from the following data for the year ended December 31, 2013 Sales, $780,000; cost of

Problem 3 Prepare a multiple-step income statement for Goodwin Co. from the following data for the year ended December 31, 2013 Sales, $780,000; cost of merchandise sold, $550,000; administrative expenses, $120,000; interest expense, $20,000; rent revenue, $40,000; sales returns and allowances, $30,000; sales discount, $20,000, selling expenses, $50,000

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