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Prepare Bisceglia's income statement, statement of retained earnings, and balance sheet for the year ending December 31, 20X5. The following information is all that is available. Be sure to prepare proper headings and dates on each financial statement.

Capital stock $41,000

Wage expense 37,000

Revenue 90,000

Cash 9,000

Utilities expense 6,000

Beginning retained earnings 11,000

Rent expense 10,000

Accounts payable 4,000

Equipment 80,000

Dividends 5,000

Accounts receivable 19,000

Notes payable 20,000

Basic Finance, Finance

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