Question: Using the information given below, prepare a multi-step income statement for June 2021 for Gutierrez Company. Cost of Goods Sold = $275,000 Depreciation Expense =

Using the information given below, prepare a multi-step income statement for June 2021 for Gutierrez Company.

  • Cost of Goods Sold = $275,000
  • Depreciation Expense = $6,000
  • Interest Expense = $17,000
  • Interest Revenue = $28,000
  • Salaries Expense = $40,000
  • Sales Discounts = $15,000
  • Sales Returns & Allowances = $12,000
  • Sales Revenue = $650,000
  • Utilities Expense = $10,000

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