Question: How do these bottom statements effect the balance sheet or income statement? Balance sheet data for Betty DeRose, Inc. for 2017 appears below: It is

How do these bottom statements effect the balance sheet or income statement?

Balance sheet data for Betty DeRose, Inc. for 2017 appears below: It is known that during 2017 Betty DeRose, Inc. purchased land for $35,000 cash. Betty did not record any recoveries of previously written off accounts receivable during 2017

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