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As of the end of its accounting period, December 31, Year 1, Great Plains Company has assets of $917,445 and liabilities of $278,666. During Year
As of the end of its accounting period, December 31, Year 1, Great Plains Company has assets of $917,445 and liabilities of $278,666. During Year 2, stockholders invested an additional $28,594 and received $25,182 in doidends from the business. What is the amount of net income during Year 2, assuming that as of December 31, Year 2, assets were $981,237 and liablities were $238,353 Oa. $100493 Qb. 540.313 Oc 361,792 Od. 125,182
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