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show work Your examination of the records of Ivanhoe Co. shows the company collected $84,000 cash from customers and paid $47.400 cash for operating costs

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Your examination of the records of Ivanhoe Co. shows the company collected $84,000 cash from customers and paid $47.400 cash for operating costs during 2021. If Ivanhoe followed the accrual basis of accounting, it would report the following year-end balances Accounts Payable Accounts Receivable Accumulated Depreciation Prepaid Insurance Supplies Unearned Revenue 2021 $1.310 4,200 11.170 1.570 795 1.255 2020 $2,040 2.530 10.270 1.350 310 1.565 Determine Ivanhoe's profit on an accrual basis for 2021. Accrual basis profit $ 39115

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