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Given the adjusted trial balance for Husky Inc. below as of December 31, 2019 prepare the income statement for the year ended December 31, 2019.
Given the adjusted trial balance for Husky Inc. below as of December 31, 2019 prepare the income statement for the year ended December 31, 2019. What do we need if we want to do vertical and horizontal analysis? Adjusted Trial Balance 31-Dec-191 Debit Credit Cash $82,500 Accounts receivable 39,200 Supplies 550 Prepaid insurance 820 Equipment 36,0001 Accumulated depreciation-equipment $15,800 Accounts payable 16,5001 Unearned service revenue 17,700 Salary payable 42,650 Common shares 23.295 Retained earnings 10,000 Dividends 9,0001 Service revenue 100,5001 Salary expense 42,850 Supplies expense 3,225 Insurance expense 1800 Depreciation expense-equipment 7200 Utilities expense 3,300 $226,445 $226.443
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