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Additional data: 1. Equipment with an original cost of $18,000 and book value of $8,500 was sold for $8,500. 2. Net Income for the year
Additional data: 1. Equipment with an original cost of $18,000 and book value of $8,500 was sold for $8,500. 2. Net Income for the year was $32,000 3. The owner withdrew $20,000 4. Depreciation Expense for the year was $14,500 5. The owner invested an additional $4,000 during the year
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