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. On January 1, 2021, Sledge had common stock of $370,000 and retained earnings of $510,000. During that year, Sledge reported sales of $380,000, cost

. On January 1, 2021, Sledge had common stock of $370,000 and retained earnings of $510,000. During that year, Sledge reported sales of $380,000, cost of goods sold of $195,000, and operating expens...

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