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Prepare an Income Statement from the following information for Great Care Partners for the year ended December 31, 2014. Salaries expense = $40,000 Administrative expense
Prepare an Income Statement from the following information for Great Care Partners for the year ended December 31, 2014.
Salaries expense = $40,000
Administrative expense = $7,000
Interest Expense = $5,200
Patient service revenue = $112,000
Income tax expense = $17,000
Rent Expense = $9,000
Bad debt expense = $10,080
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