Question: The following data for the current year ended December 31 were taken from the accounting records of Clark Co. Operating Expenses ................................. 40,000 Cost of

The following data for the current year ended December 31 were taken from the accounting records of Clark Co.

Operating Expenses ................................. 40,000

Cost of Merchandise Sold.......................... 180,000

Sales .............................................................250,000

Prepare a multiple-step income statement for the year end.

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