Question: ( 1 ) Prepare an income statement for the year ended December 3 1 . ( 2 ) Prepare a statement of retained earnings for

(1) Prepare an income statement for the year ended December 31.
(2) Prepare a statement of retained earnings for the year ended December 31. The Retained Earnings account balance was $7,500 on
December 31 of the prior year.
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(1) Prepare an income statement for the year ended December 31.

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