Accounting

The Riedl Corporation has the following information available on December 31, 2010. The tax rate is 30 percent. Show how this information is presented to external users in a multistep format.

Interest expense                                                                             $ 3,000

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Sales salaries                                                                                      120,000

Rental revenue                                                                                                 8,000

Accounts receivable                                                                       101,000

Administrative salaries                                                                  100,000

Sales                                                                                                      1,500,000

Depreciation (40% selling, 60% administrative)                   30,000

Dividends paid                                                                                  48,000

Cost of goods sold                                                                           850,000

Sales returns and allowances                                                      15,000

Loss due to meteor damage                                                       70,000

Loss on sale of equipment                                                           79,000

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