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Evans Corporation started a new business on December 1, 2021. That same day, Evans Corporation also received $170,000 of cash from issuing common stock and

Evans Corporation started a new business on December 1, 2021. That same day, Evans Corporation also received $170,000 of cash from issuing common stock and borrowed $260,000 from a friend. On December 1, 2021 Evans Corporation also purchased equipment for $216,000. The equipment has a useful life of 60 months. On December 1, 2021, Evans also paid $27,600 of cash to rent office space for a 12 month period. During 2021, the Company provided services valued at $17,200 and had collected $3,440 of that amount at yearend. The company will collect the remaining portion in the following year.The company's payroll for 2021 was $9,800, which was paid in full during 2021. Use this information to find the company's net income in 2021, its cash flow from operations in 2021, and total assets as of December 31, 2021

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