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Income Statement For the Year Ended July 31, 2027 Revenues Service Revenue $ 67,200 Rent Revenue 10,000 Total Revenues $ 77,200 Expenses Salaries and Wages

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Income Statement For the Year Ended July 31, 2027 Revenues Service Revenue $ 67,200 Rent Revenue 10,000 Total Revenues $ 77,200 Expenses Salaries and Wages Expense Supplies Expense Depreciation Expense Total Expenses Net Income / (Loss) $3,700 Your answer is partially correct. Prepare a retained earnings statement for the year. Oriole Cornnration di. ...... at year-end, July 31, 2027

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