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

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E1-15 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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