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Cain Company reports net cash provided by operating activities of $39,500. It also reports the following information under Adjustments to reconcile net income to net

Cain Company reports net cash provided by operating activities of $39,500. It also reports the following information under "Adjustments to reconcile net income to net cash provided by operating activities" on its statement of cash flows (using the indirect method). Determine Cain's net income. Answer is complete but not entirely correct

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