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EXERCISE 2-15Aa.Life, Inc.Effect of Events on the Accounting EquationAssets=Stockholders’EquityEventCashPrepaidRent=Retained Earnings1. PerformedServices2. Prepaid Rent3. Used RentTotals=b.Life, Inc.Income StatementFor the Year Ended December 31, 2016Life, Inc.Balance SheetAs of December 31, 2016
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