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Assignment Saved Paddleboard Inc. began operations on January 1, 2022. Its post-closing trial balance at December 31, 2022 and 2023, is shown below along
Assignment Saved Paddleboard Inc. began operations on January 1, 2022. Its post-closing trial balance at December 31, 2022 and 2023, is shown below along with some other information. Paddleboard Inc. Income Statement For Year Ended December 31, 2023 Revenues: Sales (000s) Cost of goods sold Gross Profit Expenses: Other expenses Depreciation expense Total operating expenses Profit from operations Income tax expense Profit $ 3,824 1,576 2,248 $ 840 120 960 Paddleboard Inc. Post-Closing Trial Balance (000s) 1,288 288 $ 1,000 December 31 Account Cash 2023 2022 $3,280 $1,880 Receivables 2,830 2,120 Merchandise inventory 2,600 3,170 Property, plant and equipment 3,080 2,760 Prev 1 of 1 Next
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