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The records for Coleman Inc. showed the following for 2020: December 31 Accrued expenses Prepaid expenses Cash paid during the year for expenses, $ 85,000

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The records for Coleman Inc. showed the following for 2020: December 31 Accrued expenses Prepaid expenses Cash paid during the year for expenses, $ 85,000 January 1 $ 3,600 1,440 $ 4,300 1,740 Required: Show the computation of the amount of expense that should be reported on the income statement

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