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A comparative balance sheet for Skysong Corporation is presented as follows. Additional information: 1. Net...

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A comparative balance sheet for Skysong Corporation is presented as follows. Additional information: 1. Net income for 2025 was $127,080. No gains or losses were recorded in 2025 . 2. Cash dividends of $62,800 were declared and paid. 3. Bonds payable amounting to $50,000 were retired through issuance of common stock. 1

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