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Presented below is information for Lien Co$.$ for the month of January $2022.$

$($a$)$

Prepare a multiple$-$step income statement. $($If there is a net loss then enter the amount using either a negative sign

preceding the number e$.$g$.-45$ or parentheses e$.$g$.(45).)$

:

$?$

$

List of Accounts

Presented below is information for Lien Co$.$ for the month of January $2022.$

Current Attempt in Progress

Presented below is information related to Garland Co$.$ for the month of January $2022.$

$($a$)$

Prepare the necessary adjusting entry for inventory. $($Credit account titles are automatically indented when amount is

entered. Do not indent manually. If no entry is required, select $"$No Entry" for the account titles and enter $"$O$"$ for the

amounts.$)$

Account Titles and Explanation

Credit