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Compute Yeti Financial Advisors's net income for the year ended December 31, 2020, using the...

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Question

Accounting

Compute Yeti Financial Advisors's net income for the year ended December 31, 2020,

using the provided adjusted trial balance.

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(Click the icon to view the adjusted trial balance.)

Complete the income statement below to calculate net income. (Use parentheses or a minus sign for a net loss.)

Adjusted trial balance

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Yeti Financial Advisors

Adjusted Trial Balance

December 31, 2020

Account Title

Debit

Credit

Cash

$590

Office supplies

380

Equipment

20,600

Accumulated amortizationequipment

$1,200

Accounts payable

540

Interest payable

700

Note payable

3,100

Y. Benoit, capital

4,300

Service revenue

17,650

Rent expense

3,050

Interest expense

1,450

Amortization expenseequipment

760

Supplies expense

660

Total

$27,490

$27,490

Complete the income statement below to calculate net income

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