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Blake Industries started the year with total assets of $324,000 and total liabilities of $264,000. During the year, the business recorded $628,000 in revenues, $325,000

Blake Industries started the year with total assets of $324,000 and total liabilities of $264,000. During the year, the business recorded $628,000 in revenues, $325,000 in expenses and dividends of $56,000. The net income reported by Blake Industries for the year was_______?

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