Question: Put together a multiple-step income statement using the following dropdown boxes. [ Select ] [Cost of Goods Sold, Operating Expenses, Net Income, Net Sales] $152,000

Put together a multiple-step income statement using the following dropdown boxes.

[ Select ] ["Cost of Goods Sold", "Operating Expenses", "Net Income", "Net Sales"] $152,000
Less: [ Select ] ["Interest Expense", "Selling Expenses", "Cost of Goods Sold", "Net Sales"] (87,000)
[ Select ] ["Gross Profit", "Operating Income", "Net Income", "Income Before Taxes"] 65,000
[ Select ] ["Net Income", "Gross Profit", "Interest Expense", "Operating Expenses"] :
[ Select ] ["Gross Profit", "Income Tax Expense", "Net Income", "Selling Expenses"] 13,000
[ Select ] ["Administrative Expenses", "Net Income", "Cost of Goods Sold", "Gross Profit"] 17,000
[ Select ] ["Gross Profit", "Other Revenues/(Expenses)", "Income Before Taxes", "Operating Income"] 35,000
[ Select ] ["Gross Profit", "Other Revenues/(Expenses)", "Income Before Taxes", "Net Income"]
[ Select ] ["Interest Expense", "Administrative Expenses", "Selling Expenses", "Income Tax Expense"] (1,000)
[ Select ] ["Income Tax Expense", "Net Sales", "Net Income", "Income Before Taxes"] 34,000
[ Select ] ["Cost of Goods Sold", "Net Sales", "Income Tax Expense", "Selling Expenses"] (12,000)
[ Select ] ["Net Income", "Operating Income", "Income Tax Expense"] $22,000

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