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As of the end of its accounting period, December 31 , Year 1 , Great Plains Company has assets of $919,742 and liabilities of $277,896.
As of the end of its accounting period, December 31 , Year 1 , Great Plains Company has assets of $919,742 and liabilities of $277,896. During Year 2 , stockholders invested an additional $28,460 and received $25,081 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 $983,396 and liabilities were $236,087 ? a. $25,081 b. $102,084 l c. $41,809 I d. $63,654
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