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On your own words, explain the purpose and the importance of the income statement, and prepare the income statement for Max company based on the

On your own words, explain the purpose and the importance of the income statement, and prepare the income statement for Max company based on the following information taken from the trial balance in December 2018

Revenue 70,000

Supplies expense 3,000

Rent expense 6,000

Wages expense 22,000

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