Question: The following data for the current year ended June 30 are from the accounting records of Zanadu Co: Administrative expenses Cost of merchandise sold $28,750

The following data for the current year ended June 30 are from the accounting records of Zanadu Co: Administrative expenses Cost of merchandise sold $28,750 Interest expense 181,440 Rent revenue Sales 3,600 1,500 Selling expenses 534,440 65,000 Prepare a multiple-step income statement for the year ended June 30

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