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The following account balances were taken from the 2021 adjusted trial balance of the Bowler Corporation: sales revenue, $435,000; cost of goods sold, $223,000; salaries
The following account balances were taken from the 2021 adjusted trial balance of the Bowler Corporation: sales revenue, $435,000; cost of goods sold, $223,000; salaries expense, $56,000; rent expense, $31,000; depreciation expense, $41,000; and miscellaneous expense, $23,000. Prepare an income statement for 2021.
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