Question: P3.2 LO 1, 3) Excel (Single-Step Statement, Retained Earnings Statement, Periodic Inventory) The following is the trial balance of Thompson Corporation at December 31, 2025,

Inventory) The following is the trial balance of Thompson Corporation at December

P3.2 LO 1, 3) Excel (Single-Step Statement, Retained Earnings Statement, Periodic Inventory) The following is the trial balance of Thompson Corporation at December 31, 2025, Instructiens Trepare a tinglestep incomse statensent and a retained earning statement. Ausue that the only changer in retained earninges during the current year were from tiet income atid dividerids. Thirty thousand thares of common itock were ongtapding the ertite wear

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