Selected financial information for Onshore Co. for the year ended December 31, 2010, follows….

 
   

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Selected financial information for Onshore Co. for the year ended December 31, 2010, follows. Revenues . . . . . . . . $69,000 Expenses . . . . . . . . $53,682 Net income . . . . . . $15,318 Required Prepare the 2010 income statement for Onshore Company.