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As an accountant for Johnson & Johnson, you are required to prepare the income statement and balance sheet as of December 29, 2022 using the
As an accountant for Johnson & Johnson, you are required to prepare the income statement and balance sheet as of December 29, 2022 using the following data:
- Total revenue: $100,000,000
- Total expenses: $75,000,000
- Total assets: $150,000,000
- Total liabilities: $90,000,000
- Common stock: $30,000,000
- Retained earnings: $30,500,080
Prepare the balance sheet and the income statement for Johnson & Johnson as of December 29,2022
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