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Carr Corporation provided the following partial-trial balance for the current year. (Click the icon to view the partial-trial balance.) Prepare a single-step income statement for
Carr Corporation provided the following partial-trial balance for the current year. (Click the icon to view the partial-trial balance.) Prepare a single-step income statement for the year ended December 31. Carr is subject to a 40% income tax rate. (Round all amounts to the nearest whole dollar.) Partial trial balance For the Year Ended December 31 Debit Credit Account Dividends $ 1,345 Sales $ 123,750 Dividend Income 560 Interest Income 1,000 Gain on Disposal of Plant Assets 986 Unrealized Gain on Trading Investments 2,000 Cost of Goods Sold 45,678 Office Supplies Expense 4,500 Sales Salaries Expense 3,570 Selling Expenses 12,000 Accounting and Legal Fees-General Expense 800 Advertising Expense 4,000 Office Salaries Expense 6,780 Depreciation Expense-General Expense 9,000 Interest Expense 2,100 Loss on Asset Impairment 1,840 Carr Corporation provided the following partial-trial balance for the current year. Helo Carr Corporation Statement of Net Income For the Year Ended December 31 Carr Corporation Statement of Net Income For the Year Ended December 31 Expenses and Losses Gross Profit Operating Expenses: Operating Income Revenues and Gains Total Expenses and Losses Total Revenues and Gains Carr Corporation Statement of Net Income For the Year Ended December 31 Accounting and Legal Fees-General Expense Advertising Expense Cost of Goods Sold Depreciation Expense-General Expense Dividend Income Dividends Declared Gain on Disposal of Plant Assets Income Tax Expense Interest Expense Interest Income Loss on Asset Impairment Office Salaries Expense Office Supplies Expense elp - Dividends Declared Gain on Disposal of Plant Assets Income Tax Expense Interest Expense Interest Income Loss on Asset Impairment Office Salaries Expense Office Supplies Expense Sales Sales Salaries Expense Selling Expenses Unrealized Gain on Trading Investments elp 4
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