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The current sections of Ray Inc.'s balance sheets at December 31, 2021 and 2022, are presented here. Ray Inc.'s net income for 2022 was $254,000.

The current sections of Ray Inc.'s balance sheets at December 31, 2021 and 2022, are presented here. Ray Inc.'s net income for 2022 was $254,000. Depreciation expense was $42,000. 2022 2021 Current as...

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