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4. Alberta Corporation had net income of $5,500,000 in 2020. Using 2020 as the base year, net income decreased by 40% in 2021 and increased

4. Alberta Corporation had net income of $5,500,000 in 2020. Using 2020 as the base year, net income decreased by 40% in 2021 and increased by 110% in 2022. Compute the net income reported by Alberta Corporation for 2021 and 2022. b. 2021 $5,500,000; 2022 = $3,300,000 = 2021 $3,300,000; 2022 = $3,300,000 = 2021 = $2,200,000; 2022 = $550,000 2021 $(2,200,000); 2022 = $6,050,000 = none of the above

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