St. John’s ACC 625 79785 The following information is available for Quayle Company
November 21st, 2022
The following information is available for Quayle Company:Sales revenue$618,000Sales returns and allowances20,000Cost of goods sold398,000Operating expenses114,000Interest expense19,000Interest revenue20,000(a) Use the above information to prepare a multiple-step income statement for the year ended December 31, 2014