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The following is information from Crystal Company's adjusted trial balance at December 31, 2021: Credit Debit $75,000 101,000 70,000 452,000 $135,600 8,300 173,200 234,000 157,000
The following is information from Crystal Company's adjusted trial balance at December 31, 2021: Credit Debit $75,000 101,000 70,000 452,000 $135,600 8,300 173,200 234,000 157,000 Cash Notes receivable Merchandise inventory Equipment Accumulated depreciation equipment Unearned revenue Notes payable L. Crystal, capital L. Crystal, drawings Interest revenue Rent revenue Sales Advertising expense Cost of goods sold Depreciation expense Freight out Insurance expense Interest expense Salaries expense Sales discounts Sales returns and allowances 11,000 24,000 1,970,000 56,000 850,000 45,200 26,000 16,000 10,200 630,000 9,700 58,000 $2,556,100 $2,556,100 (a) Prepare a single-step income statement for the year ended December 31, 2021. (Enter negative amounts using either a negative sign preceding the number eg.-45 or parentheses eg. (45).) CRYSTAL COMPANY Income Statement $ $ e Textbook and Media Save for Later Attempts: 0 of 3 used Submit Answer (b1) The parts of this question must be completed in order. This part will be available when you complete the part above. (62) The parts of this question must be completed in order. This part will be available when you complete the part above
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