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Below are the data pertaining to the construction period

Installment-Sales Income Statements Chantal Stores sells merchandise on open account as well as on installment terms.

Below are the data pertaining to the construction period? From the data above, which cover the 3 years since Chantal Stores commenced operations, determine the net income for each year, applying the installment-sales method of accounting. (Ignore interest charges.)

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Accounting Basics: Below are the data pertaining to the construction period

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