The following information is available for Quayle Company: Sales $600,000 Sales Returns and Allowances 20,000 Cost of Goods Sold 398,000 Selling Expense 69,000 Administrative Expense 25,000 Interest Expense 19,000 Interest Revenue 20,000InstructionsUse the above information to make a multiple-step income statement for the year ended December 31, 2016.
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