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Required information [The following information applies to the questions displayed below] Five individuals organized Miami Music Corporation on January 1. At the end of January

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Required information [The following information applies to the questions displayed below] Five individuals organized Miami Music Corporation on January 1. At the end of January 31, the foliowing monthly financial data are avallable: No dividends were declared or paid during January. Prepare an income statement for the month of January. Prepare the balance sheet for the month of January

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