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10 . The owner's equity in a business amounted to $56,000 at the beginning of the year and $100,000 at the end of the year.

10 . The owner's equity in a business amounted to $56,000 at the beginning of the year and $100,000 at the end of the year. The owner had made no additional investments and had withdrawn $19,000 during the year. The net income for the year amounted to

a.

$76,000.

b.

$67,000.

c.

$63,000.

d.

$188,000.

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