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These items are taken from the financial statements of Sheridan Company for 2025. Retained earnings (beginning of year) $35,340 Utilities expense 2.140 Equipment 64,500
These items are taken from the financial statements of Sheridan Company for 2025. Retained earnings (beginning of year) $35,340 Utilities expense 2.140 Equipment 64,500 Accounts payable 15,640 Cash 14.290 Salaries and wages payable 7,920 Common stock 22,300 Dividends 12,000 Supplies 3,000 Debt investment (long-term) 6,200 Trademarks 2,400 Service revenue 70,700 Prepaid insurance 8,420 Maintenance and repairs expense 1,660 Depreciation expense 3,120 Accounts receivable 13,630 Insurance expense 2,680 Salaries and wages expense 39,650 Accumulated depreciation-equipment 21,790 Prepare an income statement for the year ended December 31, 2025. (Enter negative amounts using either a negative sign preceding the number eg.-45 or parentheses e.g. (45).) eTextbook and Media SHERIDAN COMPANY Income Statement
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