Question - Presented below is information for Furlow Company for the month of March 2014.
|
Cost of goods sold
|
$222,960
|
Rent expense
|
$ 30,490
|
|
Freight-out
|
6,030
|
Sales discounts
|
7,710
|
|
Insurance expense
|
5,730
|
Sales returns and allowances
|
13,080
|
|
Salaries and wages expense
|
56,660
|
Sales revenue
|
392,190
|
Prepare a multiple-step income statement.