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Adjusted Trial balance End of the Current Year Debit Credit Cash $ 1,680 Accounts receivable 2,270 Interest receivable 270 Prepaid insurance 1,800 Long-term notes receivable

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Adjusted Trial balance End of the Current Year Debit Credit Cash $ 1,680 Accounts receivable 2,270 Interest receivable 270 Prepaid insurance 1,800 Long-term notes receivable 2,980 Equipment 15,200 Accumulated depreciation $ 2,860 Accounts payable 2,230 Dividends payable 630 Accrued expenses payable 3,750 Income taxes payable 2,680 Unearned rent revenue 420 Common Stock (830 shares) 83 Additional paid-in capital 3,527 Retained earnings 3,280 Sales revenue 37,350 Interest revenue 140 Rent revenue 720 Wages expense 18,200 Depreciation expense 1,710 Utilities expense 390 Insurance expense 780 Rent expense 9,600 Income tax expense 2,790 Total $ 57,670 $ 57,670 Prepare a multistep income statement for the current year. (ROL CATENA'S MARKETING COMPANY Income Statement Prepare a multistep income statement for the current year. (Round yo CATENA'S MARKETING COMPANY Income Statement $ Book Operating revenues: Sales revenue Total operating revenues Operating expenses: 37,350 37,350 Print rences 18,200 1,710 390 Wages expense Depreciation expense Utilities expense Insurance expense Total operating expenses Operating income Other items: Rent revenue 780 21,080 16,270 720 Interest revenue 140 17,130 Net income $ 4,740 Earnings per share YIT

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