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double-spaced type-written pages): (1) Prior to the accounting for the bonus payment, prepare a balance sheet and income statement for the first calendar year of

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double-spaced type-written pages): (1) Prior to the accounting for the bonus payment, prepare a balance sheet and income statement for the first calendar year of business for Bank B in accordance with GAAP. Assume a 25% income tax rate. (2) To how much additional compensation is the

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