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based on the calculation results for each financial statement, explain what the calculation results show about each line in detail. Income statements Revenues: Absolute Service

based on the calculation results for each financial statement, explain what the calculation results show about each line in detail.
Income statements
Revenues:
Absolute
Service Revenue
4,000
Total Revenue.
4,000
Percentage
14.28%
14.28%
Expenses:
Salary Expense
700
Rent Expense
100
Utility Expense
120
Depreciation Expense
Insurance Expense
Supply Expense
Total Expenses
15.55%
8.33%
0
40%
25
0%
-75
25%
(18.75%)
870
12.42%
3,130
14.9%
Balance sheets
Assets:
Cash
Acct Rec'able
PP In
Equipment Accu. Dep.
Supplies
Total Assets
Absolute
43200
14000
7000
250
-300
63,650
Percentage
42%
0.7
0%
12.72%
50%
-11.53%
35.36%
Liabilities and Stockholders' Equity Liabilities:
Accounts Payable
Salary Payable
Total Liabilities
14000
175%
1500
50%
15500.00
140.9%
Stockholders' Equity:
Common Stock
Retained Earnings
Total Equity.
48150
48150.00
32.1%
0%
28.49%
Total Liabilities & Equity.
63,650
35.36%Income statements
Expenses:
Salary Expense 700,15.55%
Rent Expense 100,8.33%
Utility Expense 120,40%
Depreciation Expense ,0,0%
Insurance Expense ,25,25%
Supply Expense -75,(18.75%)
Total Expenses 870,12.42%
3,130,14.9%
Balance sheets
Liabilities and Stockholders' Equity
Liabilities:
Accounts Payable
Salary Payable
Total Liabilities
Stockholders' Equity:
Common Stock 48150,32.1%
Retained Earnings 0,0%
Retained Earnings
Total Equity.
48150.00,28.49%
Total Liabilities & Equity. ,63,650,35.36%
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