Question: The following data for the current year ended June 30 are from the accounting records of Zanadu Co. Administrative expenses Cost of goods sold Interest

sold Interest expense Rent revenue Sales Selling expenses $28,750 181,440 3,600 1,500

The following data for the current year ended June 30 are from the accounting records of Zanadu Co. Administrative expenses Cost of goods sold Interest expense Rent revenue Sales Selling expenses $28,750 181,440 3,600 1,500 534,440 65,000 Required: Prepare a multiple-step income statement for the year ended June 30. Refer to the lists of Accounts in the information given, Labels, and Amount Descriptions for the exact wording of the answer choices for text entries. Negative amounts should be entered with a minus sign. Be sure to complete the statement heading

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