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Coronado Industries started the year with total assets of $324000 and total liabilities of $264000. During the year the business recorded $628000 in revenues, $325000

Coronado Industries started the year with total assets of $324000 and total liabilities of $264000. During the year the business recorded $628000 in revenues, $325000 in expenses, and dividends of $56000. The net income reported by Coronado Industries for the year was:

$573000.

$247000.

$303000.

$183000.

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