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Grimes Corporation had the information listed below available in preparing an income statement for the year ended December 3 1 , 2 0 0 5

Grimes Corporation had the information listed below available in preparing an income statement for the year ended December

31, 2005 .

All amounts are before income taxes. Assume a

30 %

income tax rate for all items.

\

table

[[

.

Interest earned,Debit,Credit

], [

.

Interest earned,,$

12, 000

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