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The following is the Easton Company adjusted Trial Balance. Easton Company Adjusted Trial Balance December 31, 2018 Account Title Debit Credit Cash $88,665 Accounts Receivable

The following is the Easton Company adjusted Trial Balance.

Easton Company

Adjusted Trial Balance

December 31, 2018

Account Title Debit Credit

Cash $88,665

Accounts Receivable 232,400

Supplies 17,000

Equipment 395,000

Accumulated Depreciation $224,260

Accounts Payable $72,555

Capital Stock 220,000

Retained Earnings 127,145

Service Revenue 881,105

Interest Income 5,500

Dividends 9,000

Rent Expense 59,500

Wages Expense 529,000

Supplies Expense 42,000

Utilities Expense 8,000

Depreciation Expense 150,000 ________

Totals $1,530,565 $1,530,565

Use this information to prepare the Single-Step Income Statement for the fiscal year. There are additional lines in the formatted income statement form to allow for authorized alternate presentations.

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