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Oriole Grove Hardware has the following balances in the company ledgers for the year ending December 31: Mortgage Payable Prepaid Insurance Short-term investments Common Shares
Oriole Grove Hardware has the following balances in the company ledgers for the year ending December 31: Mortgage Payable Prepaid Insurance Short-term investments Common Shares Cash Advertising Accounts Receivable Sales revenue Accounts Payable Buildings (Net) Cost of Goods Sold $71,900 $5,500 $800 $14.700 $4,100 $49,800 $14.900 $597,700 $8,400 $101,000 $298.100 Note Payable (due in 9 months) $11,600 Retained Earnings (Beg Bal-Jan 1) $44,300 Interest Expense Land Office salaries Sales Salaries Supplies expense Insurance expense Depreciation expense Income tax expense Dividend Payments Interest Income Inventory $10.200 $21,400 $66,000 $99,000 $15,500 $12,400 $19,700 $14.700 $10.000 $16,900 $22,400 Using the above information,prepare a statement of income
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