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Prepare the income statement Nowell include annual report

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Question - The following selected accounts and account balances were taken from the records of Nowell Company. Except as otherwise indicated, all balances are as of December 31, 2018, before the closing entries were recorded.

Consulting revenue $10,200

Cash 7,500

Cash received from common stock issued during 2017 3,100

Travel expense 450

Dividends 1,300

Cash flow from investing activities 2,800

Rent expense 1,300

Payment to reduce debt principal 24,900

Retained earnings, January 1, 2018 14,600

Salary expense 3,200

Cash flow from operating activities 2,350

Common stock, December 31, 2018 8,100

Other operating expenses 2,200

Required - Prepare the income statement Nowell would include in its 2018 annual report.

Reference no: EM132549089

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