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QUESTION

Prat Corp. started the 2018 accounting period with $34,000 of assets (all cash), $14,000 of liabilities, and $9,000 of common stock.

Prepare an income statement for the 2018 accounting period and then a statement of changes in stockholders' equity for the 2018 accounting period afterwards prepare the period-end balance sheet for the 2018 accounting period and then a statement of cash flows for the 2018 accounting period.

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