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At the end of its first year of operation, BridgeportCorporation has $1,015,000 of common stock and net income of$203,000.(a) Prepare the closing entry for net

At the end of its first year of operation, BridgeportCorporation has $1,015,000 of common stock and net income of$203,000.(a) Prepare the closing entry for net income. (List all debitentries befor 2 answers

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