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Given the adjusted trial balance for Vancouver Inc. below as of December 31, 2019 prepare the income statement for the year ended December 31, 2019.

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Given the adjusted trial balance for Vancouver Inc. below as of December 31, 2019 prepare the income statement for the year ended December 31, 2019. Adjusted Trial Balance 31-Dec-19 Debit Credit $92,500 40,200 1550 820 42,000 Cash Accounts receivable Supplies Prepaid insurance Equipment Accumulated depreciation-equipment Accounts payable Unearned service revenue Salary payable Common shares Retained earnings Dividends Service revenue Salary expense Supplies expense Insurance expense Depreciation expense-equipment Utilities expense $15,800 16,500 12,700 47,750 23,295 40,000 10,000 82,500 32,850 3,225 3700 8400 3,300

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