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Please make an income statement!   Stock 39,000 Cash 13,800 AR 4,200 Inventory 16,800 PPE 34,900 Depreciation M1 5,000 AP 5,400 Loan 6,900 RE 13,400 Sales 71,400 Collected 70,200 Inventory Sold 10,100 Wages 25,900 Admin 6,400 Depreciation M2 5,000 Interest 690 IT Expense 5,900 Dividends 10,000 Interest Rate 10%   Please don't provide answer in image format thank you

Please make an income statement!   Stock 39,000 Cash 13,800 AR 4,200 Inventory 16,800 PPE 34,900 Depreciation M1 5,000 AP 5,400 Loan 6,900 RE 13,400 Sales 71,400 Collected 70,200 Inventory Sold 10,100 Wages 25,900 Admin 6,400 Depreciation M2 5,000 Interest 690 IT Expense 5,900 Dividends 10,000 Interest Rate 10%   Please don't provide answer in image format thank you

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Please make an income statement!

 

Stock 39,000

Cash 13,800

AR 4,200

Inventory 16,800

PPE 34,900

Depreciation M1 5,000

AP 5,400

Loan 6,900

RE 13,400

Sales 71,400

Collected 70,200

Inventory Sold 10,100

Wages 25,900

Admin 6,400

Depreciation M2 5,000

Interest 690

IT Expense 5,900

Dividends 10,000

Interest Rate 10%

 

Please don't provide answer in image format thank you 

 
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