Question: Selected financial information for Online Co. for the year ended December 31, 2011, follows. Revenues . . . . . . . . . $58,000

Selected financial information for Online Co. for the year ended December 31, 2011, follows.

Revenues . . . . . . . . . $58,000

Expenses . . . . . . . . . $30,000

Net income . . . . . . . $28,000


Required

Prepare the 2011 income statement for Online Company.


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