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ABC Company began the year with $2000 Accounts Receivable and $100 Bad Debt Allowance. During the year, ABC Company experienced the following transactions: Sales on

ABC Company began the year with $2000 Accounts Receivable and $100 Bad Debt Allowance. During the year, ABC Company experienced the following transactions:

Sales on Account $5000

Collection on Accounts Receivables $3800

Wrote off $80 of account that could not be collected

Estimated $200 of receivables are uncollectable.

What is ABC Company Net Income?

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