Question: Begin by solving the missing information for the account title and Income Statement columns, then solve for the missing information in the Balance Sheet columns.

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Begin by solving the missing information for the account title and Income Statement columns, then solve for the missing information in the Balance Sheet columns.

Balance Sheet
Debit	Credit
(b)		$60,900
(d)
(g)		$60,900

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Income Statement

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8. What are the costs of collecting the information?

6. How great is the time-lag between when an event occurs until we get information about it?

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