The assets, liabilities, and equities of Dickens Design Studio have the following balances at December 31, 2018. The owner, Rob Gatton, began the year with a $33,000 capital balance, contributed $15,000, and withdrew $51,000 during the year. Click the icon to view the account balances.) Prepare the income statement for Dickens Design Studio for the year ending December312018. Total Assets Net Income Balance Sheet December 31, 2018

Cornerstones of Financial Accounting
4th Edition
ISBN:9781337690881
Author:Jay Rich, Jeff Jones
Publisher:Jay Rich, Jeff Jones
Chapter12: Fainancial Statement Analysis
Section: Chapter Questions
Problem 63BE: Asset Efficiency Ratios Rumsford Inc.s financial statements for 2019 indicate the following account...
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The assets, liabilities, and equities of Dickens Design Studio have the following balances at December 31, 2018. The owner, Rob Gatton, began the year with a $33,000 capital balance, contributed
$15,000, and withdrew $51,000 during the year.
Click the icon to view the account balances.)
Prepare the income statement for Dickens Design Studio for the year ending December312018.
Total Assets
Net Income
Balance Sheet
December 31, 2018
Transcribed Image Text:The assets, liabilities, and equities of Dickens Design Studio have the following balances at December 31, 2018. The owner, Rob Gatton, began the year with a $33,000 capital balance, contributed $15,000, and withdrew $51,000 during the year. Click the icon to view the account balances.) Prepare the income statement for Dickens Design Studio for the year ending December312018. Total Assets Net Income Balance Sheet December 31, 2018
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