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1. Solve for the missing amounts and understand how the financial statements are linked. Clipboard r Font Styles B24 Prescnedbelow are incomlete fnancial saemen munication
1. Solve for the missing amounts and understand how the financial statements are linked.
Clipboard r Font Styles B24 Prescnedbelow are incomlete fnancial saemen munication ne 3 Required: Solve for the missing amounts. NOTE: When an amount on one financial statement is again shown on 5 another statement, you MUST reference the cell from the earlier statement rather than calculate the amount, thus 6 indicating the relationship between the two statements. MARTA COMMUNICATIONS, INC Income Statement For the Month Ended March 31,20X1 10 11 Sales Revenues 12 Expenses: 13 Rent Expense 34,500 2,600 14 Wages Expense 15 Utilities Expense 16 Income Tax Expense 17 Net income 4,800 800 $4,100 Step by Step Solution
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