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Income Statement Imaging Services was organized on March 1, 20Y5. A summary of the revenue and expense transactions for March
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IMAGING SERVICES

INCOME STATEMENT

FOR THE MONTH ENDED MARCH 31 20Y5

Fees earned 482000
Expenses
wage expense 300000
Rent expense 41500
Supplies expense 3600
Miscellaneous expense 1900
Total expense (347000)
Net operating income 135000
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