Prepare the income statement for year ended december

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Question - On December 31, Bryniuk's Company, the accounting records showed the following information:

Cash 49,500

Accounts Receivable 125,000

Supplies 1,500

Prepaid Insurance 12,000

Equipment 70,000

Building 420,000

Land 111,500

Accounts Payable 80,000

Notes Payable 170,000

Common Stock 410,000

Retained Earnings 65,000

Dividends 20,000

Service Revenue 174,000

Interest Revenue 1,000

Salaries Expense 52,000

Advertising Expense 17,000

Insurance Expense 5,000

Utilities Expense 13,750

Interest Expense 2,750

Required - Prepare the Income Statement for year ended December 31.

Reference no: EM133185161

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