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Section 4 Corporation's Income Statement Preparation (6 marks) The following account balances for Hyoju Corporation are for the year ended December 31, 2022. Required: Complete

Section 4 Corporation's Income Statement Preparation (6 marks) The following account balances for Hyoju Corporation are for the year ended December 31, 2022. Required: Complete an Income Statement for the year end assuming the income tax rate is 20%. Revenues Operating Expenses Gain on sale of assets Interest expense 1 78,000 26.000 3,250 1,040
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Section 4 Corporation's Income Statement Preparation The following account balances for Hyoju Corporation are for the year ended December 31, 2022 Required: Complete an Income Statement for the year end assuming the income tax rate is \20

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