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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 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 78,000

Operating Expenses 26,000

Gain on sale of assets 3,250

Interest expense 1,040

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