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Please show your work for each step In Feb 1, 2019 Joe and Bill formed Askr Kingdom candy corporation, a sweets distribution company. Joe (CED)

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Please show your work for each step

In Feb 1, 2019 Joe and Bill formed Askr Kingdom candy corporation, a sweets distribution company. Joe (CED) and Bill (CFD each own one half of the outstanding commor took; no other class of stock is authorized. Both are full time employees of the corporation and recieves a salary of $175,000. Joe originally contributed $75,000 in cash to

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