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The following information is drawn from the accounting records of Joe's sporting goods company for the year ended December 31,2019. Sales Revenue $ 290,000 Cost

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The following information is drawn from the accounting records of Joe's sporting goods company for the year ended December 31,2019. Sales Revenue $ 290,000 Cost of sales 92,000 Cash 40,000 Accounts Receivable 29,000 Supplies 1,500 Equipment 84,000 Interest income 4,500 Interest expense 6,000 Notes payable 2,400 Prepaid expenses 2,500 Selling expenses 30,000 Salaries expense 60,000 Income tax expense 16,000 Joe's capital 45,000 Joe drawing 5,000 Answer the following questions; A. What are the total assets? B. Prepare an Income statement. C. Prepare an owner's equity statement D. Prepare a Balance sheet in good form

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