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Complete this question by entering your answers in the tabs below. Prepare a balance sheet. Required: 1. Prepare an income statement. 2. Prepare a statement

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image text in transcribed Complete this question by entering your answers in the tabs below. Prepare a balance sheet. Required: 1. Prepare an income statement. 2. Prepare a statement of owner's equity. The owner made no additional investments during the month. 3. Prepare a balance sheet. Analyze: If the adjustment to Prepaid Advertising had been $6,200 instead of $3,100, what net income would have resulted? Complete this question by entering your answers in the tabs below. Prepare a statement of owner's equity. The owner made no additional investments during the month. Analyze: If the adjustment to Prepaid Advertising had been $6,200 instead of $3,100, what net income would have resulted? Complete this question by entering your answers in the tabs below. If the adjustment to Prepaid Advertising had been $6,200 instead of $3,100, what net income would have resulted? The completed worksheet for Montoya Corporation as of December 31, 20X1, after the company had completed the first month of operations, appears below. Required: 1. Prepare an income statement. 2. Prepare a statement of owner's equity. The owner made no additional investments during the month. 3. Prepare a balance sheet. Analyze: If the adjustment to Prepaid Advertising had been $6,200 instead of $3,100, what net income would have resulted? Complete this question by entering your answers in the tabs below. Prepare an income statement

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