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Question one: Use the following information to calculate for the year ended December 31, 2017 (a) net income (net loss), (b) ending retained earnings, and

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Question one: Use the following information to calculate for the year ended December 31, 2017 (a) net income (net loss), (b) ending retained earnings, and (c) total assets. Supplies 1,000 Revenues 21,000 Operating expenses 12,000 Cash 13,000 Accounts payable 9,000 Dividends 1,000 Accounts receivable 3,000 Notes payable 1,000 Beginning retained earnings 5,000 Equipment 6,000 Net income = Ending Retained Earnings = Total Assets =

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