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Prepare an income statement use the multi step format and


Cushing Company was started in 2013 when it acquired $40,000 from the issue of common stock. The following data summarize the company's first three years operating activities. Assume that all transactions were cash transactions.

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Required: 

Prepare an income statement (use the multi step format) and balance sheet for each fiscal year.

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Accounting Basics: Prepare an income statement use the multi step format and
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