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Below are excerpts from the work sheets of two businesses as at March 31, 2023. Those rows that calculate totals are at the bottom of
Below are excerpts from the work sheets of two businesses as at March 31, 2023. Those rows that calculate totals are at the bottom of the last two sets of columns. *The adjusted balances in withdrawals and capital were $17,000 and $63,000, respectively. *The adjusted balances in withdrawals and capital were $0 and $114,000, respectively. Required: Do the following for each business: 1. Identify the profit or loss for the year ended March 31, 2023
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