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The adjusted trial balance for Rowdy Profits Corporation reports that its equipment cost $350,000. For...

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Accounting

The adjusted trial balance for Rowdy Profits Corporation reports that its equipment cost $350,000. For the current year, the company has recorded $42,000 of depreciation, which brings the total depreciation to date to $210,000. Balance Sheet Income Statement Assets Revenues Liabilities Expenses Stockholders Equity Required: Using the headings shown above, indicate the location and amounts that would be used to report the three items on the companys balance sheet and income statement. Balance sheet and income statement

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