Listed below are several amounts from the accounting records of Bike Links for the year ended December 31,Year 1.Prepare a multiple-step income statement in good form.
$$\begin{array} { l c }
\text { Service revenue } & \$ 960,000 \
\text { Selling expense } & 176,000 \
\text { Income tax expense } & 160,000 \
\text { General and administrative expenses } & 280,000 \
\text { Interest revenue } & 8,000
\end{array}$$

Question

Listed below are several amounts from the accounting records of Bike Links for the year ended December 31,Year 1.Prepare a multiple-step income statement in good form.
 $$\begin{array} { l c } 
\text { Service revenue } & \$ 960,000 \
\text { Selling expense } & 176,000 \
\text { Income tax expense } & 160,000 \
\text { General and administrative expenses } & 280,000 \
\text { Interest revenue } & 8,000
\end{array}$$

Quizplus · Accepted Answer

The Answer of Listed below are several amounts from the accounting records of Bike Links for the year ended December 31,Year 1.Prepare a multiple-step income statement in good form.
 $$\begin{array} { l c } 
\text { Service revenue } & \$ 960,000 \
\text { Selling expense } & 176,000 \
\text { Income tax expense } & 160,000 \
\text { General and administrative expenses } & 280,000 \
\text { Interest revenue } & 8,000
\end{array}$$

Listed Below Are Several Amounts from the Accounting Records of Bike