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Allen Corporation reported total sales of $220,000 and total expenses of $180,000 for the year ended December 31, 2023. If the company uses the income

Allen Corporation reported total sales of $220,000 and total expenses of $180,000 for the year ended December 31, 2023. If the company uses the income summary account for closing entries, what is the balance in the income summary account after closing revenues and expenses?  

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