Question: Below is balance sheet information for Lynch Services at the end of 2012 and 2013. Perform the following tasks: Compute its net income for 2013.

Below is balance sheet information for Lynch Services at the end of 2012 and 2013. Perform the following tasks:

  • Compute its net income for 2013.
  • The firm declared and paid a cash dividend of $10,000 in December 2013. Prepare a balance sheet for December 31 of each year

Below is balance sheet information for Lynch Services at the end of

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