Prepare multi-step income statementPrepare single step income statementIncome Statement        Saghir Company's 2014 information                       Administrative Expenses       Officers salaries    6,860  Depreciation of office furniture and equipment 5,544 Cost of Goods Sold     84,798 Net Sales      135,100 Rental Revenue     24,122 Selling Expense        Transportation Out    3,766  Sales Commissions    1,172  Depreciation of Sales Equipment  9,072  Income Tax    12,698  Interest Expense    2,604         Common Shares Outstanding 40,550              Instructions       Prepare a multi-step income statement for 2014    Prepare a single step income statement for 2014

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Asked Oct 21, 2019
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Prepare multi-step income statement

Prepare single step income statement

Income Statement              
  Saghir Company's 2014 information        
                 
                 
  Administrative Expenses          
    Officers salaries         6,860
    Depreciation of office furniture and equipment   5,544
  Cost of Goods Sold           84,798
  Net Sales             135,100
  Rental Revenue           24,122
  Selling Expense            
    Transportation Out         3,766
    Sales Commissions         1,172
    Depreciation of Sales Equipment     9,072
    Income Tax         12,698
    Interest Expense         2,604
                 
Common Shares Outstanding 40,550          
                 
Instructions              
Prepare a multi-step income statement for 2014        
Prepare a single step income statement for 2014        
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