First, calculate the slope $m$ of the line using the formula $m = \frac{y_2 - y_1}{x_2 - x_1}$ where $(x_1, y_1) = (-2, 1)$ and $(x_2, y_2) = (1, -2)$. Thus, $m = \frac{-2 - 1}{1 - (-2)} = \frac{-3}{3} = -1$. The equation of the line in slope-intercept form is $y
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