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1. What is the amount of net income that will be reported on the Year 1 income statement? 2. What is the amount of net
1. What is the amount of net income that will be reported on the Year 1 income statement?
2. What is the amount of net cash flows from operating activities that will be reported on the Year 1 statement of cash flows?
3. What is amount of total assets that will be reported on the balance sheet as of December 31, Year 1?
What is the balance of the retained earnings that will be reported on the balance sheet as of December 31, Year 1?
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