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P4-49B. (Learning Objectives 2, 4: Reporting comparative amounts on the Income Statement) Refer to Rupert's Home Repair Services account balances for 20X4 and 20X5 in
P4-49B. (Learning Objectives 2, 4: Reporting comparative amounts on the Income Statement) Refer to Rupert's Home Repair Services account balances for 20X4 and 20X5 in P4-48B. Suppose Rupert decided to show all the accounts on its Income Statement. In addition, Rupert discovered that: - Supplies expense in 20X4 and 20X5 contained an item amounting to 800 in each year that is more appropriately classified as advertising expense. - Other expenses in 20X4 and 20X5 contained an item amounting to 300 in each year that is more appropriately classified as motor vehicle expense. Requirements Prepare Rupert's Income Statement for 20X5 with the appropriate 20X4 comparative amounts
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