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Case # 5 : Income statement from adjusted trial balance Half of an adjusted trial balance follows ( asset and liability accounts removed ) .

Case #5: Income statement from adjusted trial balance
Half of an adjusted trial balance follows (asset and liability accounts removed). Medivh Co. faces a 40% tax rate and all items are expressed at pretax values.
\table[[,Debit,Credit],[Retained Earnings,,753,000],[Sales Revenue,,1,875,000
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