Question: this is full question Use the data below to prepare the multi-step income statement of Selene Software for the year ended December 31, 2020. i
this is full question


Use the data below to prepare the multi-step income statement of Selene Software for the year ended December 31, 2020. i (Click the icon to view the closing entries.) Complete the multi-step income statement section-by-section as presented to you. (Use parentheses or a minus sign for a net loss.) Net sales revenue Gross margin Operating expenses Operating Income Other expense Net income (loss) Choose from any list or enter any number in the input fields and then continue to the next question.Selene Softw i Closing entries - X esented to y Journal Entry Date Accounts Debit Credit December 31 Sales Revenue 447,000 Income Summary 447,000 December 31 Income Summary 361,600 Sales Discounts 4,300 Cost of Goods Sold 262,000 Selling Expense 50,000 General Expense 44,000 Interest Expense 1,300 December 31 Income Summary 85,400 B. Meadows, Capital 85,400 December 31 B. Meadows, Capital 50,000 B. Meadows, Withdrawals 50,000 Print Done then conti
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