Question
Fint Company's income statement contained the following condensed information. Flint Company Income Statement For the Year Ended December 31, 2025 Service revenue $2,813,000 Operating expenses,
Fint Company's income statement contained the following condensed information. Flint Company Income Statement For the Year Ended December 31, 2025 Service revenue $2,813,000 Operating expenses, excluding depreciation $1,780,600 Depreciation expense 159,500 Loss on disposal of plant assets 46,400 1,986,500 Income before income taxes 826,500 Income tax expense 162,400 Net income $664,100 Flint's balance sheets contained the following comparative data at December 31 . 2025 2024 Accounts receivable $203,000 $174,000 Accounts payable 118,900 92,800 Income taxes payable 37,700 20,300?
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