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Sheridan Corporation's capital structure consists of 50,000 shares of common stock. At December 31,2025 an analysis of the accounts and discussions with company ofthcials revealed

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Sheridan Corporation's capital structure consists of 50,000 shares of common stock. At December 31,2025 an analysis of the accounts and discussions with company ofthcials revealed the following information: The amount of income taxes applicable to income was $59,760, excluding the tax effect of the discontinued operations loss, which amounted to $26,100

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