ANSWERS TO QUESTIONS
Income Statement For the Year Ended December 31, 2007 Revenues Service revenue $11,590 Expenses Salaries expense $6,840 Rent expense 2,260 Depreciation expense 145 Interest expense 83 9,328 Net Income $ 2,262 (b) ANDERSON COOPER CO. Statement of Retained Earnings For the Year Ended December 31, 2007 Retained earnings, January 1 $11,310 Add: Net ... ................
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