The following information is for Kon Inc. for the year ended December 31, 2021: Common shares,...

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The following information is for Kon Inc. for the year ended December 31, 2021: Common shares, Jan. 1 $20,000 Common shares issued during year 10,000 Retained earnings, Jan. 1 58,000 Office expense 1,600 Dividends declared 5,000 Rent expense 12,400 Service revenue 61,000 Utilities expense 2,400 Salaries expense 30,000 Income tax expense 3,000 Prepare a statement of income for the year. (Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) Revenues Service Revenue Expenses Rent Expense KONINC. Income Statement Year Ended December 31, 2021 A 12,400 $ The following information is for Kon Inc. for the year ended December 31, 2021: Common shares, Jan. 1 $20,000 Common shares issued during year 10,000 Retained earnings, Jan. 1 58,000 Office expense 1,600 Dividends declared 5,000 Rent expense 12,400 Service revenue 61,000 Utilities expense 2,400 Salaries expense 30,000 Income tax expense 3,000 Prepare a statement of income for the year. (Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) Revenues Service Revenue Expenses Rent Expense KONINC. Income Statement Year Ended December 31, 2021 A 12,400 $

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The income statement is given below Kon Inc Income Statement Year ended Decemb... View the full answer