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Pane in the Glass Window Co. generated $800,000 ordinary income from the sale of services...

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Accounting

Pane in the Glass Window Co. generated $800,000 ordinary income from the sale of services to its customers. It also sold three assets during the year. Compute Pane's taxable income assuming that: the first sale resulted in a $59,000 capital loss, the second sale resulted in a $35,000 ordinary loss, and the third sale resulted in a $26,000 capital gain

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