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Reporter Corporation's capital structure consists of 50, 000 shares of common stock. At December 31, 2012 an analysis of the accounts and discussions with company

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Reporter Corporation's capital structure consists of 50, 000 shares of common stock. At December 31, 2012 an analysis of the accounts and discussions with company officials revealed the following information: The applicable tax rate is 30%. Instructions Prepare a multiple-step income statement. Prepare a retained earnings statement

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