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#5) The following selected accounts from Okanagan Corporation's general ledger are presented below for the year ended December 31, 2021 $249,100 718,630 51.700 235,000 1,101,680
#5)
The following selected accounts from Okanagan Corporation's general ledger are presented below for the year ended December 31, 2021 $249,100 718,630 51.700 235,000 1,101,680 Accounts receivable Accumulated depreciation-equipment Advertising expense Common shares Cost of goods sold Depreciation expense Dividends declared Equipment Freight out Income tax expense Insurance expense 117.500 141,000 1363.000 23.500 65,800 21,620 58,280 28,200 91.180 Interest expense Interest income Inventory Prepaid expenses Rent Income Retained earnings 29.140 22.560 502.900 662,700 Salaries expense 2.434,130 Sales (a) Prepare a single-step statement of income. Okanagan Corporation Statement of Income (Single-step) $ $ (a) Prepare a single-step statement of income. Okanagan Corporation Statement of Income (Single-step) $ Step by Step Solution
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