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Mahomes Company reported the following data at the end of its first year of operations on December 31. (a) Prepare its year-end statement of retained

image text in transcribedimage text in transcribed Mahomes Company reported the following data at the end of its first year of operations on December 31. (a) Prepare its year-end statement of retained earnings. Hint. Retained Earnings on January 1 was $0. (b) Prepare its year-end balance sheet, using retained earnings calculated in part a. Complete this question by entering your answers in the tabs below. Prepare its year-end statement of retained earnings. Hint: Retained earnings on January 1 was $0. o) Prepare its year-end balance sheet, using retained earnings calculated in part a. Complete this question by entering your answers in the tabs below. Prepare its year-end balance sheet, using retained earnings calculated in part a

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