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The following revenue and expense account balances were taken from the Income Statement columns of the work sheet for Fraser Services Co. for December 31:
The following revenue and expense account balances were taken from the Income Statement columns of the work sheet for Fraser Services Co. for December 31: $ 4,950 2,900 1,200 24,000 92,500 3,150 5,000 63,750 Depreciation Expense Insurance Expense Miscellaneous Expense Rent Expense Service Revenue Supplies Expense Utilities Expense Wages Expense Prepare an income statement.
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