3.10 Telephone charges were 1103 for the year and other administration charges were 1575. Stationery was 761

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3.10 Telephone charges were £1103 for the year and other administration charges were

£1575. Stationery was £761 and sundry expenses totalled £715. Basil made donations to local charities out of the business account to the sum of £120.

Prepare the income statement for Madigan & Co for the year ending 31 March 2012.

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