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1 Net income was $62,000. 2. Depreciation expense wan $20000. 3. Pavmerti made to the bank pertaining to the banklbon were 510 oc0. The compary

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1 Net income was $62,000. 2. Depreciation expense wan $20000. 3. Pavmerti made to the bank pertaining to the banklbon were 510 oc0. The compary obtained some new bark loand during: the year. 4. Common shares were issued during the year and the companydid not buy back anytures. 5. During the vear, the oompany did not seil any furniturt

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