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Pearl Company had cash receipts from customers in 2020 of $151,510. Cash payments for operating expenses were $114,170. Pearl has determined that at January 1,
Pearl Company had cash receipts from customers in 2020 of $151,510. Cash payments for operating expenses were $114,170. Pearl has determined that at January 1, accounts receivable was $13,450, and prepaid expenses were $20,450. At December 31, accounts receivable was $19,720, and prepaid expenses were $25,330. Compute (a) service revenue and (b) operating expenses. (a) Service Revenue (b) Operating Expenses $
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