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Consider the following transactions for Zeta Ltd. for the month of February: Sales Revenue: $90,000 Purchases: $40,000 Rent Expense: $8,000 Utilities Expense: $6,000 Salaries Expense:
Consider the following transactions for Zeta Ltd. for the month of February:
- Sales Revenue: $90,000
- Purchases: $40,000
- Rent Expense: $8,000
- Utilities Expense: $6,000
- Salaries Expense: $20,000
- Depreciation Expense: $4,000
Calculate Zeta Ltd.'s Net Income and prepare an Income Statement for the month of February.
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