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A company had credit sales of $ 35,000 and cash sales of $ 23,000 during the month of May. Also during May, the company paid
A company had credit sales of $ 35,000 and cash sales of $ 23,000 during the month of May. Also during May, the company paid wages of $ 22,000 and utilities of $ 11,000 . It also received payments from customers on account totaling $ 4,000 . What was the company's net income for the month?
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