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During May, ABC Company reported sales of $70,000, accounts receivable of $10,000, cost of goods sold of $15,000, wages expense of $10,000 and wages payable
During May, ABC Company reported sales of $70,000, accounts receivable of $10,000, cost of goods sold of $15,000, wages expense of $10,000 and wages payable of $2,000. What is net income for May?
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