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Effect of net income on a firm's balance sheet: Conrad Air, Inc., reported a net income of $1,365,000 for the year ended December 31, 2020.

Effect of net income on a firm's balance sheet: Conrad Air, Inc., reported a net income of $1,365,000 for the year ended December 31, 2020. Show how Conrad's balance sheet would change from 2019 to 20...

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