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The following is a summary of the transactions for the year: 1. January 9 2. February 12 3. April 25 4. May 6 5. July

image text in transcribed The following is a summary of the transactions for the year: 1. January 9 2. February 12 3. April 25 4. May 6 5. July 15 6. September 10 7. October 31 8. November 20 9. December 30 Provide storage services for cash, $139,100, and on account, $54,700. Collect on accounts receivable, $52,000. Receive cash in advance from customers, $13,400. Purchase supplies on account, $10,200. Pay property taxes, $9,000 Pay on accounts payable, $11,900 Pay salaries, $128,600. Issue shares of common stock in exchange for $32,000 cash. Pay $3,300 cash dividends to stockholders. 8-a. Prepare the income statement for the year ended December 31, 2024. 8-b. Prepare the classified balance sheet for the year ended December 31, 2024

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