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Instructions: Use this information to prepare a multiple-step income statement, a retained earmings statement, and a classified balance sheet. Braun Company has the following ledger

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Instructions: Use this information to prepare a multiple-step income statement, a retained earmings statement, and a classified balance sheet. Braun Company has the following ledger accounts and adjusted balances as of December 31 2022. All accounts have normal balances. Braun's income tax rate is 20%. Braun has 300 , shares of Common Stock authorized, 100,000 shares of Common Stock 1ssued, and 95,000 shares of Common Stock outstanding. * 540,000 of the principal comer due in 2023 . ++Two years rent on offsite document storage paid in advance

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