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The Effects of Transactions Occurring During Year 1 and Their

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The effects of transactions occurring during Year 1 and their related end-of-year adjustments have been recorded below using the accounting equation.
The effects of transactions occurring during Year 1 and their related end-of-year adjustments have been recorded below using the accounting equation.    Required:Prepare an income statement for Year 1.Prepare a statement of cash flows for Year 1. Required:Prepare an income statement for Year 1.Prepare a statement of cash flows for Year 1.

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