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Bonita Industries started the year with total assets of $323000 and total liabilities of $263000. During the year the business recorded $635000 in revenues,

Bonita Industries started the year with total assets of $323000 and total liabilities of $263000. During the year the business recorded $635000 in revenues, $329000 in expenses, and dividends of $64000. The net income reported by Bonita Industries for the year was

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