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Sage Hill Inc. has recorded all necessary adjusting entries, except for income tax expense, at its fiscal year end, July 31, 2024. Th following information

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Sage Hill Inc. has recorded all necessary adjusting entries, except for income tax expense, at its fiscal year end, July 31, 2024. Th following information has been taken from the adjusted trial balance: All accounts have normal balances and total assets equal $915,600. Sage Hill has a 20% income tax rate. Prepare a multiple-step income statement

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