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Tuscola Counseling Services is a small firm that advises job seekers on both employment and education alternatives. Robert Gibson, the founder and president, has collected
Tuscola Counseling Services is a small firm that advises job seekers on both employment and education alternatives. Robert Gibson, the founder and president, has collected the following information for year just ended: Required: Prepare an income statement for the year just ended for Tuscola Counseling Services. Note: Loss amount should be indicated with a minus sign. \begin{tabular}{|c|c|c|} \hline \multicolumn{2}{|c|}{ TUSCOLA COUNSELING SERVICES } \\ \hline \multicolumn{2}{|c|}{ Income Statement } \\ \hline For the Year Just Ended & \\ \hline Cost of services sold & & \\ \hline & & \\ \hline Total costs of services sold & & \\ \hline & & \\ \hline Marketing and administrative costs & & \\ \hline & & \\ \hline & & \\ \hline \end{tabular}
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