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**Required: 1) Prepare the journal entry necessary to record the change. 2) What amount of net income would Toto report in 2016, 2017, and 2018.

**Required: 1) Prepare the journal entry necessary to record the change. 2) What amount of net income would Toto report in 2016, 2017, and 2018. *PLEASE SHOW ALL WORK & CALCULATI...

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