Ducharme Corporation was organized by five individuals on January 1, 2020. At the end of January 2020, the following mon

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answerhappygod
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Ducharme Corporation was organized by five individuals on January 1, 2020. At the end of January 2020, the following mon

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Ducharme Corporation was organized by five individuals onJanuary 1, 2020. At the end of January 2020, the following monthlyfinancial data are available:
No dividends declared in January 2020.
Required:
1. Prepare a summarized statement of earnings for the month ofJanuary 2020.
2. Prepare a statement of financial position at January 31,2020.
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