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Computing Net Income Healy Corporation recorded service revenues of $140,000 in 2015, of which $98,000 were for credit and $42,000 were for cash. Moreover,
Computing Net Income Healy Corporation recorded service revenues of $140,000 in 2015, of which $98,000 were for credit and $42,000 were for cash. Moreover, of the $98,000 credit sales for 2015, it collected $28,000 cash on those receivables before year-end 2015. The company also paid $84,000 cash for 2015 wages. a. Compute the company's net income for 2015. s
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