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On January 1, 2018 Antique Motors Inc., began business. The business had several transactions in its first year, which can be seen by clicking
On January 1, 2018 Antique Motors Inc., began business. The business had several transactions in its first year, which can be seen by clicking the icon below. (Click the icon to view the transactions.) Read the requirements. Requirement 1. Prepare Antique's income statement for the year ended December 31, 2018. Use the single-step format, with all revenues listed together and all expenses together. Antique Motors, Inc. Income Statement Year Ended December 31, 2018 Revenue: Sales revenue Expenses: Cost of goods sold Salary expense Income tax expense Depreciation expense Rent expense Net income (loss) Requirements - X 649000 151000 1. Prepare Antique's income statement for the year ended December 31, 2018. Use the single-step format, with all revenues listed together and all expenses together. 2. Prepare Antique's balance sheet at December 31, 2018. 22000 3. Prepare Antique's statement of cash flows for the year ended December 31, 2018. Format cash flows from operating activities using the direct method. honce from any list or enter any number in the innut fields and then continue to the novt quection Print Done Windows'a Etkinletir
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