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oints eBook Prin Tableau DA 1-3: Mini-Case, Preparing an income statement LO8 The owner of Neros company has hired you to analyze her company's
oints eBook Prin Tableau DA 1-3: Mini-Case, Preparing an income statement LO8 The owner of Neros company has hired you to analyze her company's performance and financial position, as well as the positions of Its competitors, Centar and Xenmix. However, the data Neros obtained is incomplete and is shown in the following Tableau Dashboard. $100,000 References $80,000 $60,000 $40,000 Accounting Equation Data Neros Centar Xenmix $20,000 $0 Assets Liabilities Equity Assets Liabilities Equity Assets Liabilities Equity Neros Income Statement Data Neros Expense Accounts Neros Revenue Accounts $50,000 eBook Print $40,000 0 eferences $30,000 Utilities Expense Rent Expense Insurance Expense $20,000 Advertising Expense $10,000 50 Salaries Expense Consulting Revenue Rental Revenue 1. Using income statement data for Neros, prepare a December Income statement dated December 31. 2. If the owner of Neros withdraws cash from the business to pay for a family vacation, how is this reported on the financial statements? 3. If the owner of Neros Invests cash into the business, how is this reported on the financial statements? Complete this question by entering your answers in the tabs below. ICRS Req 1. Req 2 and 3 Using income statement data for Neros, prepare a December income statement dated December 31. NEROS Income Statement Complete this question by entering your answers in the tabs below. eferences Req 1 Req 2 and 3 2. If the owner of Neros withdraws cash from the business to pay for a family vacation, how is this reported on the financial statements? 3. If the owner of Neros invests cash into the business, how is this reported on the financial statements? If the owner of Neros withdraws cash from the business to pay for a family vacation how is this reported on the financial statements? If the owner of Neros invests cash into the business, how is this reported on the financial statements?
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