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Ciscle Inc. started operations in 2008 and uses IFRS. The following financial information was provided to you, reported as at December 31, 2009:
Ciscle inc. 2009
Revenues $ 800,000 Depreciation expense 150,000 Other operating expenses 520,000 Property, Plant and Equipment, cost $ 1,400,000Accumulated depreciation 230,000Unearned rent revenue 40,000
Additional information:
Problem 1: Prepare the income statement beginning with "income before taxes" for 2009.
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