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Use the following select financial information to prepare a December 31 income statement. ...

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Accounting

Use the following select financial information to prepare a December 31 income statement.
Cash $ 67,000 Services revenue $ 130,400
Accounts receivable 62,000 Rental revenue 27,000
Land 82,000 Salaries expense 77,000
Accounts payable 47,000 Insurance expense 32,000
Salaries payable 3,700 Advertising expense 6,700
Unearned revenue 9,700

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