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Baldwin Corporation began the year with cash of $30,000 and a computer that cost $21,000. During the year, Baldwin earned sales revenue of $120,000 and
Baldwin Corporation began the year with cash of $30,000 and a computer that cost $21,000. During the year, Baldwin earned sales revenue of $120,000 and had the following expenses salaries $57.000 rent, 59,500 and utilities $2.500 At year end Baldwin's cash balance was down to $11,000 How much net income (or net loss) did Baldwin experience for the year? O A. $(19.000) B. $107 000 C. $51.000 OD. $120.000
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