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These questions are based on the following information compiled for our company at the end of the current year: Cash Accounts receivable $3,050 Equipment Vehicle
These questions are based on the following information compiled for our company at the end of the current year: Cash Accounts receivable $3,050 Equipment Vehicle Accounts payable Unearned revenue Common stock Retained earnings Dividends Service revenue Salaries expense Rent expense $2,000 $100 [Select] $4,000 $1,000 $1,500 $1,000 $4,150 (Balance as of January 1 of the current year) $500 $4.000 $1,500 $300 Advertising expense $200 Calculate the dollar amount for net income on our current year's income statement (December 31).
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