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Canton Corporation reported the following items in its adjusted trial balance for the year ended December 31, 2016: Canton is subject to a 30% tax

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Canton Corporation reported the following items in its adjusted trial balance for the year ended December 31, 2016: Canton is subject to a 30% tax rate. Required: Prepare the December 31, 2016, income statement for Canton Corporation, starting with income from continuing operations before income taxes. (Amounts to be deducted should be indicated with a minus sign.)

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