The following information is available for Quayle Company: 
Instructions
1. Use the above information to prepare a multiple-step income statement for the year ended December 31, 2014.
2. Compute the profit margin.
Definitions:
Personality Disorders
Types of mental health disorders characterized by enduring maladaptive patterns of behavior, cognition, and inner experience.
Gate Control Theory
A theory that suggests the spinal cord contains a neurological "gate" that controls the transmission of pain signals to the brain.
Chronic Pain
Persistent or recurring pain that lasts longer than the typical recovery period or associated with chronic health conditions.
Spinal Cord
A long, thin, tubular structure made up of nervous tissue, which extends from the brainstem down the back, transmitting neural signals between the brain and the rest of the body.
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