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During 2024. Sweet Rose Spa reported revenue of $60,000. Total expenses for the year were $50,000. Sweet Rose Spa ended the year with total assets

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During 2024. Sweet Rose Spa reported revenue of $60,000. Total expenses for the year were $50,000. Sweet Rose Spa ended the year with total assets of $40,000, and it owed debts totaling $15,000 At year-end 2023, the business reported total assets of $30,000 and total liabilities of $15.000 Read the requirements Begin by identifying the formula to calculate net income and then enter the amounts to solve for net income

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