Presented below is financial information related to the 2008 operations of SummersCruise Company:
Maintenance expense | 95,000 |
Property tax expense (on dock facilities) | 10,000 |
Salaries expense | 142,000 |
Advertising expense | 3,500 |
Ticket revenue | 325,000 |
Instructions:
Prepare the 2008 income statement for Summers Cruise Company.
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