After analyzing the data, prepare an income statement for the year ending December 31, 2020. CULLUMBER...

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After analyzing the data, prepare an income statement for the year ending December 31, 2020. CULLUMBER CO. Income Statement For the Year Ended December 31, 2020 Revenues Total Revenue Expenses Salaries and Wages Expense Advertising Expense Rent Expense Utilities Expense Total Expenses Net Income/(Loss) 42.662 2,601 15,026 4,479 91,889 22.149 69,740 View Policies Show Attempt History Current Attempt in Progress The following information relates to Cullumber Co. for the year 2020. Owner's capital, January 1, 2020 $69,115 Advertising expense Owner's drawings during 2020 8,639 Rent expense Service revenue 91,578 Utilities expense Salaries and wages expense 42,477 $2,592 14,975 4,464 After analyzing the data, prepare an income statement for the year ending December 31, 2020. CULLUMBER CO. Income Statement For the Year Ended December 31, 2020 Revenues Total Revenue Expenses Salaries and Wages Expense Advertising Expense Rent Expense Utilities Expense Total Expenses Net Income/(Loss) 42.662 2,601 15,026 4,479 91,889 22.149 69,740 View Policies Show Attempt History Current Attempt in Progress The following information relates to Cullumber Co. for the year 2020. Owner's capital, January 1, 2020 $69,115 Advertising expense Owner's drawings during 2020 8,639 Rent expense Service revenue 91,578 Utilities expense Salaries and wages expense 42,477 $2,592 14,975 4,464

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