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A sole proprietorship had the following assets and liabilities at the beginning and end of this year. Binning of the year of the year Assets

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A sole proprietorship had the following assets and liabilities at the beginning and end of this year. Binning of the year of the year Assets $ 99,500 149,000 Liabilities $ 42,656 60.345 Home owner withdrew $1,150 cash per month for personal use and invested an additional $25,000 cash The net income earned or net loss incurred by the business during the year is: (If the answer is a net loss, it should be indicated with a minus sign.)

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