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Flower Arrangements has just completed operations for the year ended December 31, 2024. This is the third year of operations for the company. The following
Flower Arrangements has just completed operations for the year ended December 31, 2024. This is the third year of operations for the company. The following data have been assembled for the business: (Click the icon to view the assembled data.) Prepare the income statement of Flower Arrangements for the year ended December 31, 2024. (If a box is not used in the table leave the box empty; do not select a label or enter a zero.) Net Income Data table Insurance Expense $ Service Revenue 3,500 98,000 Salaries Expense $ 41,000 Accounts Payable 6,200 Utilities Expense 1,100 Office Supplies 1,600 Rent Expense 9,000 Sam, Withdrawals 43,200 Sam, Capital, Jan. 1, 2024 11,500 Accounts Receivable 5,000 Cash 5,800 Equipment 11,800 Owner contribution during the year 6,300 Print Done
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