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(Learning Objectives 4, 5: Evaluate business operations; construct and analyze an income statement, a statement of retained earnings, and a balance sheet) The assets and

(Learning Objectives 4, 5: Evaluate business operations; construct and analyze an income statement, a statement of retained earnings, and a balance sheet) The assets and liabilities of Blue Moon Products, Inc., as of December 31, 2016, and revenues and expenses for the year ended on that date follow:

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