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The Following Income Statement Items Are Taken from the Records

Question 98

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The following income statement items are taken from the records of Burke Company for the year ended December 31, 2016:  Adverti sing expense $2,600 Commission expense 3,515 Cost of goods sold 29,200 Depreciation expense - Office Building 4,000 Income tax expense 190 Insurance expense - sales person’s auto 3,350 Interest expense 1,400 Interest revenue 2,340 Rent revenue 7,700 Sal aries and wages expense - Office 13,660 Sal es Revenue 50,300 Supplies expense - Office 1,990\begin{array} { l r } \text { Adverti sing expense } & \$ 2,600 \\\text { Commission expense } & 3,515 \\\text { Cost of goods sold } & 29,200 \\\text { Depreciation expense - Office Building } & 4,000 \\\text { Income tax expense } & 190 \\\text { Insurance expense - sales person's auto } & 3,350 \\\text { Interest expense } & 1,400 \\\text { Interest revenue } & 2,340 \\\text { Rent revenue } & 7,700 \\\text { Sal aries and wages expense - Office } & 13,660 \\\text { Sal es Revenue } & 50,300 \\\text { Supplies expense - Office } & 1,990\end{array}
-Read the information about Burke Company.

Required:
Prepare a multiple-step income statement for the year ended December 31, 2016.

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