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Use the Following Information to Prepare an Income Statement for Burleson

Question 31

Essay

Use the following information to prepare an income statement for Burleson Company for the year ended December 31,2012.
1.revenue from services,$28,000
2.paid $10,000 cash for land
3.paid operating expenses,$21,000
4.paid dividends to stockholders,$4,000
5.issued $6,000 of common stock for cash

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