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PLS HELP Problem 1-70B (Algorithmic) Arrangement of the Statement of Earnings Kim Renovation Inc. renovates historical buildings for commercial use. During 2022, Kim had $765,550
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Problem 1-70B (Algorithmic) Arrangement of the Statement of Earnings Kim Renovation Inc. renovates historical buildings for commercial use. During 2022, Kim had $765,550 of revenue from renovation services and $5,925 of interest income from miscellaneous Investments. Kim incurred $222,900 of wages expense, $131,640 of depreciation expense, $55,775 of insurance expense, $109,300 of utilities expense, $31,000 of miscellaneous expense, and $61,400 of Income tax expense. Required: Prepare a single-step statement of earnings for Kim for 2022. Kim Renovation Inc. Statement of Earnings For the Year Ended December 31, 2022 Revenues: 10 Total revenues Expenses Total expenses OD Net Income Pous Next ) Step by Step Solution
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