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On December 31, Year 1, Precision Manufacturing Inc. (PMI) of Edmonton purchased 100% of the outstanding ordi-nary shares of Sandora Corp. of Flint, Michigan. Sandora's

On December 31, Year 1, Precision Manufacturing Inc. (PMI) of Edmonton purchased 100% of the outstanding ordi-nary shares of Sandora Corp. of Flint, Michigan.

Sandora's comparative statement of financial position and Year 2 income statement are as follows:

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