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b. Determine the amount of net income reported on the Year 1 income statement. Net income d. Determine the amount of cash flow from

b. Determine the amount of net income reported on the Year 1 income statement. Net income d. Determine the amount of cash flow from operating activities reported on the Year 1 statement of cash flows. Net cash flow from operating activities e. What is the balance of the retained earnings account that appears on the Year 1 balance sheet? Balance of retained earnings

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