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Requirement 1: Help Swift Classified Ads compute its net income for the year, by preparing an income statement for the year ended December 31st. Show

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Requirement 1: Help Swift Classified Ads compute its net income for the year, by preparing an income statement for the year ended December 31st. Show your work as needed in the space provided below. Be sure to present your income statement professionally. Be sure to answer questions in complete sentences. Requirement 2: Advise Tyler whether he should continue the business. Requirement 3: Do you think that Tyler should incorporate this business? Why or Why not

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