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Burlin Company starts the year with $88,000 in assets and $17,600 in liabilities. Net income for the year is $22,000, and no dividends are paid.

Burlin Company starts the year with $88,000 in assets and $17,600 in liabilities. Net income for the year is $22,000, and no dividends are paid. How much is owners' equity at the end of the year?

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