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single step income statement using the following information prepare a single step i 691821

Single Step Income Statement

Using the following information, prepare a single step income statement.

Cost of goods sold

$ 6,000

Interest expense

1,100

Selling and administrative expense

750

Cash

400

Sales

10,000

Accrued wages payable

250

Dividends

700

Retained earnings (beginning)

1,000

Income tax expense

1,200

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