Listed Below Are Several Amounts from the Accounting Records of Bike

question 199

Essay

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.
$$\begin{array} { l c } \text { Service revenue } & \$ 960,000 \\\text { Selling expense } & 176,000 \\\text { Income tax expense } & 160,000 \\\text { General and administrative expenses } & 280,000 \\\text { Interest revenue } & 8,000\end{array}$$

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