Question: Using the Excel template for question number 31 that you downloaded prior to starting this exam, prepare a multiple-step income statement in good form for

 Using the Excel template for question number 31 that you downloaded

Using the Excel template for question number 31 that you downloaded prior to starting this exam, prepare a multiple-step income statement in good form for Foxworthy Company for the month ended July 31, 2020. Presented below is information for Foxworthy Company for the month of July 2020. (Not all items listed are needed to complete this problem.) Upload your completed template when you are finished with your answer. Cost of goods sold $8,127,540 Utilities expense $174,000 Gain on the sale of investments Loss on write- down of 78,000 66,000 inventory Depreciation expense 129,000 Sales discounts 24,700 Supplies expense 43,000 Sales returns and allowances 127,500 Salary expense 923,000 Sales 10,239,000 Uninsured fire Inventory 228,000 52,000 loss Gain on the sale of 27,500 Accounts receivable 33,000 equipment

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