Question: The following data for the current year ended December 31, 2016, was extracted from the accounting records of Xender Co.: Cost of merchandise sold

The following data for the current year ended December 31, 2016, was extracted from the accounting records of Xender Co.: Cost of merchandise sold $937,200 Operating expenses 307,500 Sales 1,230,250 Prepare a multiple-step income statement for the year ended December 31, 2016.

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