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Prepare an income statement for the month ended December 31, 2022. (List other revenues before other expenses. Enter negative amounts using either a negative sign
Prepare an income statement for the month ended December 31, 2022. (List other revenues before other expenses. Enter negative amounts using either a negative sign preceding the number eg.-45 or parentheses es (451) ORIOLE COMPANY Income Statement Cash + Accts. Rec. + Inventory + Equipment - Depr. Equip. = Accts. Pay. + . Income taxes pay. + Wages pay. + Com. Stock+ Retained earnings 12/1/ Bal $ 11,040$ 8,970 $ 4,140$ 48,300 $ (3,450) $ 6,900 $ 23,000 $ 39,100 Rev. - Exp. - Div. Dec. 3 $ 6,440 $ 6,440 5 $ 9,108 $ Sales revenue $ (6,394) (6,394) Cost of Goods Sold 9,108$ $ (414) $ 7 $ (414) $ Sales return and allowances Cost of Goods Sold $ 340 340 17 $ (4,048) $ 4,048 22 $ 4,370 $ $ 4,370 Sales revenue Cost of Goods Sold $ (3,220) (3,220) 5,354 $ $ 6,992 $ 22,034 $ 48,300 $ (3,450) $ 13,340 $ $ $ 23,000 $ $ 13,064 $ $ (9,274) $ 42,890 S $ 920 (920) Unadj. Bal. Adj. (A1) (A2) (A3) Adj. Bal. $ (460) $ $ $ Salaries and wages payable Depreciation expense Income tax expense 502 (460) (502) (11,156) $ $ 13,340$ $ 6,992 $ 22,034 $ 5,354 $ 48,300 $ 502 $ 920 $ 23,000 $ (3,910) $ (3,910) $ 13,064 $ $ $ $ 6,992 $ 22,034 $ 5,354 $ 48,300 $ 13,340 $ 502 $ 920 $ 23,000 41,008
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