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a. Income statement Use the following information available as of December 31 to prepare an income statement for the year and a balance sheet for
a. Income statement
Use the following information available as of December 31 to prepare an income statement for the year and a balance sheet for Goldie Company. Fees for services performed during the year, $128,000 Accounts payable, $17,900 Accounts receivable, $17,900 Miscellaneous expenses for the year, $8,800 Supplies on hand, $3,100 Notes payable, $20,000 Interest expense on the note for the year, $3,600 Equipment, S87,goo Cash on hand, $11,700 Salaries expense for the year, $70,900 Supplies expense for the year, $9,100 Rent expense for the year, $11,600 Common stock that has been issued, $55,000 Retained earnings at the end of the year, $27,700 a. Income statement Income Statement Revenues: Expenses: Total expenses
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