These items are taken from the financial statements of Pronghorn Corp. at December 3 1 , 2
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Question:
These items are taken from the financial statements of Pronghorn Corp. at December
Buildings $
Accounts receivable
Prepaid insurance
Cash
Equipment
Land
Office expense
Income tax expense
Depreciation expense
Interest expense
Common shares
Retained earnings January
Accumulated depreciationbuildings
Accounts payable
Income taxes payable
Bank loan payable due July
Accumulated depreciationequipment
Interest payable
Service revenue
a
Calculate the net income for the year.
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