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What is the income statement, statement of changes, balance sheet,and statement of cash flows? Sage Inc experienced the following transactions for Year 1, its first

What is the income statement, statement of changes, balance sheet,and statement of cash flows? Sage Inc experienced the following transactions for Year 1, its first year of operations: 1. Issued common stock for \( \$ 100,000 \) cash. 2. Purchased \( \$ 205,000 \) of merchandise on account. 3. 2 answers

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