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During the year 2020, Rafael's Restaurant earned revenues of $250,000, had expenses of$50,000, purchased assets with a cost of $30,000 and paid dividends to the

During the year 2020, Rafael's Restaurant earned revenues of $250,000, had expenses of$50,000, purchased assets with a cost of $30,000 and paid dividends to the shareholders of $10,000. Net
income for the year is?

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