Question: Please what is the answer of this question. E5-16 On January 1, 2010, Rachael Ray Corporation had merchandise inventory of $50,000. At December 31, 2010,

Please what is the answer of this question. E5-16 On January 1, 2010, Rachael Ray Corporation had merchandise inventory of $50,000. At December 31, 2010, Rachael Ray had the following account balances...

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