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Larkspur Inc. has recorded all necessary adjusting entries, except for income tax expense, at its fiscal year end, July 31,2024 . The following information has
Larkspur Inc. has recorded all necessary adjusting entries, except for income tax expense, at its fiscal year end, July 31,2024 . The following information has been taken from the adjusted trial balance: All accounts have normal balances and total assets equal $1,046,400. Larkspur has a 20% income tax rate. Prepare a statement of retained earnings. (List items that increase retained earnings first.)
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