Question: Single- Step Income Statement Summary operating data for Cummerbund Company during the current year June 30,2014, are as follows: cost of merchandise sold, $2,400,000; administrative

Single- Step Income Statement Summary operating data for Cummerbund Company during the current year June 30,2014, are as follows: cost of merchandise sold, $2,400,000; administrative expenses, $420,000; interest expense $30,000; rent revenue, $125,000; net sales $3,750,000; and selling expenses, $550,000

Prepare a single step income statement.

Cummerbund Company Income Statement For the Year Ended June 30,2014

Revenue _______________ _____________ ___________________ _____________ total revenues ______________ Expenses ______________ ____________ _______________ ____________ ________________ ____________ _________________ _____________ total expenses ____________ ________________ ____________

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