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Use the following information for the Problems below. $($Algo$)$

Part $1$ of $2$

$1\mathrm{.}25$ points

$02$:$05$:$10$

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$[$The following information applies to the questions displayed below$]$

Lansing Company's current$-$year income statement and selected balance sheet data at December $31$ of the current and prior years follow.

$\backslash$table$[[\backslash$table$[[$LANSING COMPANY$],[$Income Statement$]]],[$For Current Year Ended December $31,],[$Sales revenue,$$121,200$