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Bonita Industries started the year with total assets of $212000 and total liabilities of $122000. During the year the business recorded $326000 in revenues, $158000

Bonita Industries started the year with total assets of $212000 and total liabilities of $122000. During the year the business recorded $326000 in revenues, $158000 in expenses, and dividends of $54000. The net income reported by Bonita Industries for the year was

$188000.

$168000.

$122000.

$158000.

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