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Prepare an income statement (with Operating Income and Other Items sections) that include the effects of the preceding six transactions. Note: Round Earnings per share
Prepare an income statement (with Operating Income and Other Items sections) that include the effects of the preceding six transactions. Note: Round "Earnings per share" to 2 decimal places. Data not yet recorded at December 31 included: a. The supplies count on December 31 reflected $240 in remaining supplies on hand to be used in the next year. b. Insurance expired during the current year, $610. c. Depreciation expense for the current year, $3,800. d. Wages earned by employees not yet paid on December 31,$660. e. Three months of interest expense (for the note payable borrowed on October 1 of the current year) was incurred in the current year. f. Income tax expense, \$5,180. Prepare a classified balance sheet that include the effects of the preceding six transactions. Note: Amounts to be deducted should be indicated by a minus sign
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