Prepare a corporate income statement in good form from the following year-end balances as of December 31, 2010, from the general ledger of Hammond Corporation. Assume 10,000 shares of common stock are outstanding for the year.

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The Answer of Prepare a corporate income statement in good form from the following year-end balances as of December 31, 2010, from the general ledger of Hammond Corporation. Assume 10,000 shares of common stock are outstanding for the year.

Prepare a Corporate Income Statement in Good Form from the Following