ament Testbank Exercise 135 The records for Ivanhoe Inc. showed the following for 2020: Jan. Acred expenses $1.300 $2.100 Prepaid expenses Dec. 31 740 950 Cash and during the year for expenses $43,850 calculate the amount of expense that should be reported on the income statement tot expense Click if you would like to Show Work for this questions on Show Work Testbank Exercise 103 Presented below is certain information pertaining to Cullumber Company. Assets, January 1 Assets, December 31 Liabilities, January 1 Common stock, December 31 Retained earnings, December 31 Common stock sold during the year Dividends declared during the year $254,100 232,800 144,100 82,000 41,200 11,500 13,100 Compute the net income for the year. Net income Click if you would like to Show Work for this question: Open Show Work