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Bonita Industries started the year with total assets of $308000 and total liabilities of $248000. During the year the business recorded $631000 in revenues, $330000

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Bonita Industries started the year with total assets of $308000 and total liabilities of $248000. During the year the business recorded $631000 in revenues, $330000 in expenses, and dividends of $64000. The net income reported by Bonita Industries for the year was $301000 $571000 $181000 $237000

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