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Carson Corporation provided the following partial-trial balance for the current year. Prepare a single-step income statement for the year ended December 31. Carson is subject

Carson Corporation provided the following partial-trial balance for the current year.

Prepare a single-step income statement for the year ended December 31.

Carson is subject to a 40% income tax rate. (Round all amounts to the nearest whole dollar.)

Carson Corporation

Trial Balance (Selected Accounts)

For the Year Ended December 31

Account

Debit

Credit

Dividends

$1,370

Sales

$190,000

Dividend Income

530

Interest Income

1,300

Gain on Disposal of Plant Assets

960

Unrealized Gain on Trading Investments

1,600

Cost of Goods Sold

40,000

Office Supplies Expense

5,000

Sales Salaries Expense

4,200

Selling Expenses

9,000

Accounting and Legal FeesGeneral Expense

770

Advertising Expense

3,600

Office Salaries Expense

7,100

Depreciation ExpenseGeneral Expense

8,900

Interest Expense

1,900

Loss on Asset Impairment

2,000

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Carson Corporation Statement of Net Income For the Year Ended December 31 Sales 19000 Cost of Goods Sold 40000 Unrealized Gain on Trading Investments 5000 Operating Expenses: Office Supplies Expense Sales Salaries Expense Selling Expenses 4200 9000 Accounting and Legal FeesGeneral Expense 770 3600 Advertising Expense Office Salaries Expense 7100 Depreciation Expense-General Expense 8900 1900 Interest Expense Loss on Asset Impairment 2000 Income Tax Expense 44569 150000 65751 Net Income

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