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Review the chapter explanations of the income statement andthe balance sheet equations. Apply these equations in eachindependent case to compute the two missing amounts for
Review the chapter explanations of the income statement andthe balance sheet equations. Apply these equations in eachindependent case to compute the two missing amounts for each case.Assume that it is the end of 2006, the first full year ofoperations for the company. (Hint: Organize the listeditems as they are presented in the balance sheet and incomestatement equations and then compute the missing amounts.)
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