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Below is the Retained Earnings account for the year 2025 for Waterway Corp. (a) Prepare...

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Accounting

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Below is the Retained Earnings account for the year 2025 for Waterway Corp. (a) Prepare a corrected retained earnings statement. Waterway Corp. normally sells investments of the type mentioned above. FIFO inventory was used in 2025 to compute net income. (List items that increase adjusted retalned earnings first.) WATERWAY CORP. Retained Earnings Statement $ $

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