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P 3 - 8 Impact of net income on a firm's balance sheet Conrad Air, Inc., reported net income of $ 1 , 3 6
P Impact of net income on a firm's balance sheet Conrad Air, Inc., reported net income of $ for the year ended December Show how Conrad's balance sheet would change from to depending on how Conrad "spent" those earnings as described in the scenarios that appear below.
tableConrad Air, Inc. Balance Sheet as of December AssetsLiabilities and Stockholders' EquityCashS Accounts payable,$
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