The Multi-step Income Statement
Dino Company, a merchandising firm, reports the following data for the month ended January 31:
| Operating expenses | $15,000 |
| Cost of goods sold | 20,000 |
| Net sales | 50,000 |
| Income tax expense | 6,000 |
| Other income | 2,500 |
Prepare a multi-step income statement for Dino Company for the month of January.
Do not use negative signs with your answers.
| Dino Company Income Statement For Month Ended January 31 | |
|---|---|
| $ | |
| Net income | $ |
