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Can you create an Income Statement for Dec. 31 2022? Debit Credit Accounts payable ........................................................ $180,000 Accounts receivable .................................................... $600,000 Other Accrued liabilities $100,000 Accumulated

Can you create an Income Statement for Dec. 31 2022?
Debit Credit
Accounts payable ........................................................ $180,000
Accounts receivable .................................................... $600,000
Other Accrued liabilities $100,000
Accumulated depreciation ................. $300,000
Additional paid-in capital ............................................ $260,000
Allowance for doubtful accounts ................................ $100,000
Cash ............................................................................. $500,000
Common stock, $10 par .............................................. $320,000
Long-term bonds payable ........................................ $200,000
Inventories .................................................................. $850,000
Short-term Investment securities (reported at market; cost, $142,000) .............................................
$150,000
Note payable, 5-year .................................................. $600,000
Property and equipment ............................................ $820,000
Retained earnings ....................................................... $890,000
Revenue .. $500,000
Cost of Goods Sold .. $350,000
Salaries expense $80,000
Rent expense .. $32,000
Advertising expense ... $8,000
Dividends ... $60,000
Totals 3,450,000 3,450,000

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