Using the selected account balances at December 31, 2011, for Parties, Etc. that follow, prepare an.

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Using the selected account balances at December 31, 2011, for Parties, Etc. that follow, prepare an income statement for the year ended December 31, 2011. Show detail of net sales. The company uses the perpetual inventory system, and Freight-In has not been included in Cost of GoodsSold.

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