Question: Selected financial information for Onshore Co. for the year ended December 31, 2010, follows. Revenues . . . . . . . . $69,000 Expenses

Selected financial information for Onshore Co. for the year ended December 31, 2010, follows.

Revenues . . . . . . . . $69,000

Expenses . . . . . . . . $53,682

Net income . . . . . . $15,318


Required

Prepare the 2010 income statement for Onshore Company.

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