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Income Statement and Balance Sheet The records of R. Levy, Interior Decorator, show the following information for the year-end December 31: Required a. Prepare an

image text in transcribed Income Statement and Balance Sheet The records of R. Levy, Interior Decorator, show the following information for the year-end December 31: Required a. Prepare an income statement for the year. Do not use negative signs with your answers. b. Prepare a balance sheet as of December 31

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