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On January 1^st of the current year, Jodi began Jodi's Sweet Treats (candy shop) with an initial investment of $50,000 in cash. On December 31^st
On January 1^st of the current year, Jodi began Jodi's Sweet Treats (candy shop) with an initial investment of $50,000 in cash. On December 31^st her records showed the following (alphabetically arranged) items and amounts: From the information provided above, prepare an income statement; really provide me with the current year's P&L = $ From the information provided above, prepare a statement of owner's equity; really provide me with the end of the year's Owner's Equity = $ From the information provided above, prepare a balance sheet; really provide me with the end of the year's Assets = $ OK - - are you ready for a curve ball - - focus and read carefully - - if the depreciable office furnishings mentioned above were instead organizational/startup costs; how much would Jodi's Sweet Treats be able to recover through amortization (assume no immediate write-off election is made) in the first year of operations: $2, 285.60. $2, 666.67. $6, 857.80. $8,000.00. None of the above; please show me/document your calculation's
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