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A not-for-profit hospital reported in 2021 income statement: Revenue 150m Expenses 110m Net Income 40m On their 2021 Statement of Changes in Net Assets they

A not-for-profit hospital reported in 2021 income statement:

Revenue 150m

Expenses 110m

Net Income 40m

On their 2021 Statement of Changes in Net Assets they reported:

Beginning Net Assets of 110m

There were no other contributed funds reported on the statement

What was the hospitals ending Net Assets for 2021?

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