The preparation of Reading Readiness, Inc.'s multi-step Income Statement for the month ended January 31 is as follows:
Reading Readiness, Inc.
Income Statement
For the month ended January 31
Sales Revenue $175,500
Less:
Sales Returns 4,700
Sales Discounts 6,000
Net Sales $164,800
Cost of Goods Sold 67,700
Gross profit $97,100
Expenses:
Salaries and Wages $25,900
Depreciation Expense 13,800
Rent Expense 24,000
Operating expenses $63,700
Operating income $33,400
Interest Expense 1,600
Income before tax $31,800
Income tax expense 7,700
Net income $24,100
Data and Calculation:
Gross profit percentage = 59% ($97,100/$164,800 x 100)
Thus, the net income after deducting the income tax expense is $24,100.
Learn more: brainly.com/question/24257787
Step One: Calculate interest.

Step Two: Calculate the amount at the end of the first year.

Step Three: Calculate the amount at the end of the second year. This will be your final answer.
$1357 balance
Answer:
True
When you add two negative numbers the sum is always negative ex.
When you add two numbers with different signs get the difference and get the sign by the larger absolute value ex.
Step-by-step explanation:
Answer:
9 packages of chocolate bars
Step-by-step explanation:
Let he bought c packages of chocolate bars and t packages of toffee bars,
Since, he bought 1 fewer package of chocolate bars than toffee bars.
⇒ c = t - 1 -----(1)
Also, he handed out out
of the chocolate bars and
of the toffee bars,
If he handed out the same number of each kind of candy bar.

( By cross multiplication )
( Division property of equality )
From equation (1),





Hence, he bought 9 packages of chocolate bars.