Question: Cushing Company was started in 2013 when it acquired 40 000

Cushing Company was started in 2013 when it acquired $40,000 from the issue of common stock. The following data summarize the company’s first three years’ operating activities. Assume that all transactions were cash transactions.


Required
Prepare an income statement (use the multistep format) and balance sheet for each fiscal year.
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  • CreatedOctober 26, 2013
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