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A company had the following balance sheet amounts at the beginning of the year: - During the year, total assets increased by $350,000, total liabilities

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A company had the following balance sheet amounts at the beginning of the year: - During the year, total assets increased by $350,000, total liabilities increased by $130,000. - Dividends were paid in the amount of $60,000. - No other transactions occurred except revenues and expenses (i.e. no changes in the stock account). How much is net income for the year? Show and label your work. From the Word doc, copy and paste the table for Question 2 into the space for your answer. (Ctr) to paste) Fill in the table with your answers

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