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Ducharme Corporation was organized by five individuals on January 1 of the current year. The following monthly financial data are available at January 31 of

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Ducharme Corporation was organized by five individuals on January 1 of the current year. The following monthly financial data are available at January 31 of the current year: No dividends were declared during January. Required: 1. Prepare a statement of earnings for the current year. 2. Prepare a statement of financial position at January 31 , current year

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