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Dino Company sells collectibles. The following information summarizes Dinos operatin

Dino Company sells collectibles. The following information summarizes Dinos operatin

 Dino Company sells collectibles. The following information summarizes Dino's operating activities for the most recent year:

Merchandise inventory, beginning

$10,000

Merchandise inventory, ending

7,000

Purchases

95,000

Operating expenses

65,000

Sales revenue

180,000

 

Required:  Prepare an income statement for the most recent year.

Tripti 07-Dec-2019

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