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The income statement for the year ended December 31, 2025, for Carla Manufacturing Company contains the following condensed information. Included in operating expenses is a
The income statement for the year ended December 31, 2025, for Carla Manufacturing Company contains the following condensed information. Included in operating expenses is a $26,500 loss resulting from the sale of machinery for $281,000 cash. The company purchased machinery at a cost of $748,000. Carla reports the following balances on its comparative balance sheets at December 31 . The income statement for the year ended December 31, 2025, for Carla Manufacturing Company contains the following condensed information. Included in operating expenses is a $26,500 loss resulting from the sale of machinery for $281,000 cash. The company purchased machinery at a cost of $748,000. Carla reports the following balances on its comparative balance sheets at December 31
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