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2 0 2 7 : Feb 1 8 : Sold the land purchased on July 9 , 2 0 2 6 for $ 3 1
:
Feb : Sold the land purchased on July for
$ cash
May : Borrowed $ from the bank on an
month note payable
June : Sold the remaining inventory that had been
purchased on May to a customer for
$ cash
July : Paid off the bank loan that had been taken
out on August
Calculate the amount of net income reported by Al
Company for
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