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The following information is available for Example Company for the most recent fiscal year
ending December 31 . Required: - fill in the grey shaded cells below 1) Prepare a multi-step
income statement for Example Company for fiscal year ending December 31 . 2) Calculate the
Gross Profit Margin/Rate and Net Profit Margin/Rate percentages. Operating Expenses Total
Operating Expenses Income from Operations Other Revenue / Expense Total Other Revenue /
(Expense) Income Before Income Taxes Net Income Profit Margin %

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  • 1. The following information is available for Example Company for the most recent fiscal year ending December 31 . Required: - fill in the grey shaded cells below 1) Prepare a multi-step income statement for Example Company for fiscal year ending December 31 . 2) Calculate the Gross Profit Margin/Rate and Net Profit Margin/Rate percentages. Operating Expenses Total Operating Expenses Income from Operations Other Revenue / Expense Total Other Revenue / (Expense) Income Before Income Taxes Net Income Profit Margin %