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QUESTION

(sh 25,000 Bad debt expense 7,000 income tax payable 5,200 Unearned reuenue 1?,000 Cost o'fguclds splcl EEIJ,000 Loss on disposal of 12,000 equipment...

On January 1, 2007, Bomber Inc. entered its seventh year of operations. December 31, 2007 accounting records showed the following balances (all items are as of December 31, 2007 unless otherwise noted that and are the usual DR or CR balance for accounts of that type):

With appropriate heading, all applicable totals and subtotals, please show a Multiple-Step Income Statement for the year ended December 31, 2007.

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