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The assets and liabilities of impeccable travel service at


The assets and liabilities of Impeccable Travel Service at November 30, 2010, the end of the current year, and its revenue and expenses for the year are listed below. The capital of the owner, Charly Maves, was $380,000 at December 1, 2009, the beginning of the current year.



Prepare an income statement for the current year ended November 30,2010.  

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