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Mark's Consulting experienced the following transactions for 2018, its first year of operations, and 2019. Assume that all transactions involve the receipt or payment of cash.
Transactions for 2018
Transactions for 2019
Beginning account balances for 2019 are:
Cash$108,000
Land 40,000
Notes payable 16,000
Common stock 85,000
Retained earnings 47,000
Question 1: income statement for each year accounting period.
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