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Tableau DA 1-3: Mini-Case, Preparing an income statement LO A1, P2 The owner of Neros company has hired you to analyze her company's performance
Tableau DA 1-3: Mini-Case, Preparing an income statement LO A1, P2 The owner of Neros company has hired you to analyze her company's performance and financial position, as well as the positions of its competitors, Centar and Xenmix. However, the data Neros obtained is incomplete and is shown in the following Tableau Dashboard. Accounting Equation Data $100,000 $80,000 $60,000 $40,000 Neros Centar Xenmix $20,000 $0 Assets Liabilities + Equity Assets Liabilities + Equity Assets Liabilities + Equity 15 points 1 Neros Income Statement Data Neros Revenue Accounts $50,000 Neros Expense Accounts BOOK Aik Prot References $40,000 Utilities Expense Rent Expense $30,000 Insurance Expense $20,000 Advertising Expense $10,000 Salaries Expense $0 Consulting Revenue Rental Revenue 15 points 1 eBook Ast Pent 1. Using income statement data for Neros, prepare a December income statement dated December 31. 2. If Neros pays a cash dividend to its sole stockholder to pay for a family vacation, how is this reported on the financial statements 3. If the sole stockholder of Neros invests cash into the business, how is this reported on the financial statements Complete this question by entering your answers in the tabs below. Req 1 Req 2 and 3 Using income statement data for Neros, prepare a December income statement dated December 31 NEROS Income Statement For Month Ended December 31 1001 Next>
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