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Cullumber, Inc. has the following data for the year ended December 31, 2020: Net sales $270,900...

Cullumber, Inc. has the following data for the year ended December 31, 2020:

Net sales $270,900
Discontinued operations loss 22,200
Cost of goods sold 167,600
Interest expense 4,100
Selling expenses 15,500
Administrative expenses 36,840
Shares of capital stock outstanding, 20,000
Tax rate of 30% on all items


Prepare a multiple-step income statement for Cullumber, Inc. for the year ended December 31, 2020

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Format and Naming convention is not available, can be slightly different: Solution: 270900 167600 103300 15500 36840 52340 50

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