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Lansing Company's current-year income statement and selected balance sheet data at December 31 of the...

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Accounting

Lansing Company's current-year income statement and selected balance sheet data at December 31 of the current and prior years follow.
LANSING COMPANY
Income Statement
For Current Year Ended December 31
Sales revenue
$148,200
Expenses
\table[[Cost of goods sold,59,000],[Depreciation expense,20,500],[Salaries expense,35,000],[Rent expense,10,700],[Insurance expense,5,500],[Interest expense,5,300],[Utilities expense,4,500],[let income,$7,700
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