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Cullumber Corporation had net income of $3,023,000 in 2020. Using 2020 as the base year, net income decreased by 40% in 2021 and increased

Cullumber Corporation had net income of $3,023,000 in 2020. Using 2020 as the base year, net income decreased by 40% in 2021 and increased by 110% in 2022. Compute the net income reported by Cullumber Corporation for 2021 and 2022.

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