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Roland's overhead doors reports the following financial information

28/04/2021 Client: muhammad11 Deadline: 2 Day

Jacob’s Overhead Doors reports the following financial information:

Assets ............$ 45,800

Liabilities ............ 15,230

Common Stock ......... 28,700

Dividends ........... 7,000

Revenues ............ 10,890

Expenses ............ ?

Requirements

1. Use the accounting equation to solve for the missing information.

2. Did Jacob’s Overhead Doors report net income or net loss?

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