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As of the end of its accounting period, December 31, Year 1, Great Plains Company has assets of $927,289 and liabilities of $268,831. During Year

As of the end of its accounting period, December 31, Year 1, Great Plains Company has assets of $927,289 and liabilities of $268,831. During Year 2, stockholders invested an additional $28,345 and received $25,233 in dividends from the business. What is the amount of net income during Year 2, assuming that as of December 31, Year 2, assets were $982,676 and liabilities were $239,040? a. $55,387 b. $29,791 c. $25,233 d. $82,066

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