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1
100
points
Adjusted
GREAT ADVENTURES, INC.
Income Statement
For the Period Ended December 31, 2022
Revenues:
Service Revenue
Sales Revenue
Sales Discounts
Net Sales
Gross Profit
Operating Expenses:
Depreciation Expense
Supplies Expense
Salaries Expense
Bad Debt Expense
Rent Expense
Insurance Expense
Repairs and Maintenance Expense
Total Operating Expenses
Operating Income (Loss)
Interest Revenue
Income Before Income Taxes
Income Tax Expense
Net Income
46,100
152,000
(510)
0
197,590
0
197,590
18,850
1,300
32,000
3,200
4,000
7,300
720
0
0
67,370
130,220
440
130,660
16,100
$\ 114,560