For the period ending, December 31 ,2016
Revenues and Gains:
Interest Revenue 3
Gain on Sale of Investment 6
Cost of Goods Sold 270
Salaries Expense 50
Depreciation Expense 25
Warranty Expense 30
Restructuring Costs 10
Advertising Expense 23
Tax Rate is 40%
Cost of Goods Sold includes a $ 1 million dollar write-down of inventory, that was material
There were 20 million shares of common stock outstanding throughout the year.
I need to Prepare a revised multi Step Income statement, reflecting the additional facts, in good form, with all required footnote disclosures
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