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please fill out the income statement, capital statement, and balance sheet using this informstion The Rubble-Flintstone Company was started on January 1, Year 1 as
please fill out the income statement, capital statement, and balance sheet using this informstion The Rubble-Flintstone Company was started on January 1, Year 1 as a partnership. The initial investments from the two partners were $54,000 from Rubble and $44,000 from Flintstone, During Year 1, Rubble-Flintstone Company earned $76,000 in cash revenue, paid $71,000 in cash expenses and the partners withdrew $6,200 each for their personal use. The partnership agreement calls for equal sharing of net income or loss. Required: Using only the above information, prepare an income statement, a capital statement, and a balance sheet for the Rubble-Flintstone Company. Complete this questlon by entering your answers In the tabs below. Prepare an income statement for Year 1
please fill out the income statement, capital statement, and balance sheet using this informstion
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