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Suppose Robin Sporting Goods Company reported the following data at July 31, 2018, with amounts in thousands:
Use these data to prepare Robin Sporting Goods Company’s single-step income statement for the year ended July 31, 2018; statement of retained earnings for the year ended July 31, 2018; and classified balance sheet at July 31, 2018. Use the report format for the balance sheet. Draw arrows linking the three statements.
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