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help! Presented below are the financial statements of Sheridan Company. Liabilities and Stockholders' Equity Accounts payable Income taves payable Bondspiyable Commonstock begin{tabular}{rr} 10.500 & 12.000
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Presented below are the financial statements of Sheridan Company. Liabilities and Stockholders' Equity Accounts payable Income taves payable Bondspiyable Commonstock \begin{tabular}{rr} 10.500 & 12.000 \\ 25,500 & 49,500 \\ 27,000 & 21,000 \\ 75,000 & 57,000 \\ \hline$160,500 & $162,000 \\ \hline \end{tabular} Sheridan Company Income Statement For the Year Ended December 31, 2022 Sheridan Company Income Statement For the Year Ended December 31, 2022 Sales revenue Cost of goods sold Gross profit 100,500 Selling expenses $27,000 Administrative expenses 36.000 income from operations 64,500 interest expense 4.500 Income before income taxes 60.000 Income tax expense 12.000 Naditasulidata: 1. Devereiation expense was $26,250 2. Divitereds dectared and pald were 530000 oepreciatien of $14,250 at the thene of sale ar in parmthetis ey (15,0000) Step by Step Solution
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