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Required: Did Jack Sharp correctly prepare the 2017 nancial statements? If not, explain what he needs to do to x them (assume the 2017 books

Required: Did Jack Sharp correctly prepare the 2017 nancial statements? If not, explain what he needs to do to x them (assume the 2017 books are still open). In addition, prepare the appropriate comparative income statements and balance sheets and the footnote disclosure. (Assume no income taxes.)

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