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
Sales salaries 120,000
Rental revenue 8,000
Accounts receivable 101,000
Administrative salaries 100,000
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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