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Problem 2 The following items were taken from the accounting records of Cadillac Ranch, Incorporated. The income statement account balances are for the year ending

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Problem 2 The following items were taken from the accounting records of Cadillac Ranch, Incorporated. The income statement account balances are for the year ending December 31, 2008. The balance sheet account balances are the balances at December 31, 2008 except for the retained earnings balance which is the balance at 1/1/2008: Instructions: Prepare a multiple step income statement

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