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* Hint: The ending capital balance for one period is the beginning capital balance for the next period. There were no owner investments during the

*Hint: The ending capital balance for one period is the beginning capital balance for the
next period. There were no owner investments during the year ended July 31,2020.
Prepare an income statement and statement of changes in equity for the year
ended July 31,2020, and balance sheet at July 31,2020, similar to the ones you did in
your exercises.
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