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Assume the following excerpts from a company's balance sheet: Beginning Balance Ending Balance Save & Exit Submit Bonds payable Common stock Retained earnings $

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Assume the following excerpts from a company's balance sheet: Beginning Balance Ending Balance Save & Exit Submit Bonds payable Common stock Retained earnings $ 500,000 $900,000 $ 600,000 $920,000 $ 375,000 $ 457,000 During the year, the company did not retire any bonds or repurchase any common stock. If the company's net cash provided by (used in) financing activities is $65,000, then its net income would be: Multiple Choice $97,000. $27,000. $137,000

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