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prepare an income statement using this formatting The following items are taken from the financial statements of Sheffield Company for the year ending December 31,

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The following items are taken from the financial statements of Sheffield Company for the year ending December 31, 2022: Accounts payable Accounts receivable Accumulated depreciation-equipment Bonds payable Cash Common stock Cost of goods sold Depreciation expense Dividends Equipment Interest expense Patents Retained earnings, January 1, 2022 Salaries and wages expense Sales revenue Supplies $17.900 8.900 4.900 17,000 23,000 25,200 28,400 5.800 5,000 42,500 2,200 12,060 19,550 6,000 55.000 5.690 Prepare an income statement. SHEFFIELD COMPANY Income Statement For the Year Ended December 31, 2022 $ GA $

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