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he assets and liabilities of Thom

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|\ h/ilrn/takeAssignment/takeAssignmentMain.do?inprogress=true\ RODRIGUEZ PIPELI... $ CMB HOMEPAGE NCINOHOME & READTEAM SITE & TRAINING RESOUR...\ The assets and liabilities of Thompson Computer Services at March 31, the end of the current year, and its revenue the year are listed below. The common stock was

$120,000

and the retained earnings were

$60,000

at April 1 , the current year. During the year, shareholders purchased an additional

$25,000

in stock.\ \\\\table[[Accounts payable,

$1,200

,Miscellaneous expense,

$480

The assets and liabilities of Thompson Computer Services at March 31, the end of the current year, and its revenue the year are listed below. The common stock was $120,000 and the retained earnings were $60,000 at April 1 , the current year. During the year, shareholders purchased an additional $25,000 in stock. Prepare an income statement for the current year ended March 31