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During Year 2, Capital Consultants Incorporated generated $588,000 of cash revenue and incurred $427,200 of cash expenses. Required: Based on the information, prepare an income

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During Year 2, Capital Consultants Incorporated generated $588,000 of cash revenue and incurred $427,200 of cash expenses. Required: Based on the information, prepare an income statement for Year 2. Note: Amounts to be deducted should be indicated with a minus sign

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