Problem 4: Multistep Income statement (5 points) information (not The adjusted trial balance Kasten company contained the following $660,000 in the correct order): Debit 30,000 Sales 20,000 Interest Revenue 436,000 Sales Returns and Allowances 2,000 Cost of Goods Sold 7,000 Freight-out 15,000 Sales Discounts 18,000 Advertising Expense 55,000 Interest Expense Store Salaries Expense 28,000 Utilities Expense 7,000 Depreciation Expense Instructions multiple-step income statement for the year ended Use the above information to prepare a includes header). December 31, 2016. Be sure to use correct form (which a
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The adjusted trial balance Kasten Company contained the following information (not necessarily in the correct order): Instructions Use the above information to prepare a multiple-step income statement for the year ended December 31, 2016. Be sure to use correct form (which includes a header).