Problem

Selected financial information for Onshore Co. for the year ended December 31, 2009, fol...

Selected financial information for Onshore Co. for the year ended December 31, 2009, follows.

Revenues . . . . . . . $69,000 Expenses . . . . . . . $53,682 Net income . . . . . . . $15,318

Required

Prepare the 2009 income statement for Onshore Company.

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