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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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