The adjusted trial balance for Rowdy Profits Corporation reports that its equipment had cost $250,000....
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The adjusted trial balance for Rowdy Profits Corporation reports that its equipment had cost $250,000. For the current year, the company has recorded $30,000 of depreciation, which brings the total depreciation to date to $150,000. Balance Sheet Income Statement Assets Revenues Llabilities 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 company's balance sheet and income statement Balance Sheet Income Statement Using the headings shown above, indicate the location and amounts that would be used to report the three items on the company balance sheet. (Any deduction should be entered with a minus sign.) Balance Sheet Balance Sheet Idome Statement Using the headings shown above, indicate the location and amounts that would be used to report the three items on the income statement. Income Statement
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