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These items are taken from the financial statements of Waterway Industries for 2017. Retained earnings (beginning of year) $3


Prepare an income statement for the year ended December 31, 2017. Waterway Industries Income Statement 4h
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Answer #1
Income Statementt
Revenue:
Service revenue 70650
Expenses:
Utiltiies expenses 2140
maintenance and repairs 1660
Depreciation 3120
Insurance expenses 2680
Salaries and wages expenses 39650
Total expenses 49250
Net Income 21400
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