The men's a capella group and women's a capella group at the local university use the same rehearsal space. They get a better deal on the space by renting rehearsal time in consecutive 2-hour blocks, for a total cost of $210 for 4 hours. The women's group has a longer tenure at the university and previously paid $117 for its 2-hour session. Using the incremental method and considering the women's group as the first-ranked user, how much of the total cost would be allocated to each group? User Women's group Men's group Total $ Cost

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Income Statement

Income Statement also commonly called a profit and loss statement, one of the key financial statements (considered together with balance sheet and cash flow statement) which shows the revenues and expenses, as well as the gains and losses of a company for a given period. In other words, it presents the financial performance/profitability of a business over a specified accounting period.