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E1-15 Presented below is financial information related to the 2008 operations of SummersCruise Company

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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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