Question: Using the information provided, prepare a multi-step income statement up to Gross Profit. Kingbridge Range Company has sales in 2021 of $2,400,000. During the year,

Using the information provided, prepare a multi-step income statement up to

Using the information provided, prepare a multi-step income statement up to Gross Profit. Kingbridge Range Company has sales in 2021 of $2,400,000. During the year, the company had $40,000 in sales returns. The cost of these sales was $1,300,000. Kingbridge uses a perpetual inventory system. The company year end is December 31 st. Multi-Step Income Statement

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