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Exercise 1-12 a1-a2 (Part Level Submission) (Video) The following information relates to Sandhill Co. for the year 2020. Owner's capital, January 1, 2020 $69,725 Advertising

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Exercise 1-12 a1-a2 (Part Level Submission) (Video) The following information relates to Sandhill Co. for the year 2020. Owner's capital, January 1, 2020 $69,725 Advertising expense $ 2,615 Owner's drawings during 2020 8,716 Rent expense 15,107 Service revenue 92,385 Utilities expense 4,503 Salaries and wages expense 42,852 (al) After analyzing the data, prepare an income statement for the year ending December 31, 2020. SANDHILL CO. Income Statement $

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