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Edward s Bowling has total assets of $ 1 2 9 0 0 0 and total liabilities of $ 3 9 5 0 0 .

Edwards Bowling has total assets of $129000 and total liabilities of $39500. At the beginning of the year, the owners equity was $71000. During the year, Edward, the owner, withdrew $8800. Based on this information, how much profit did Edwards Bowling generate for the year?
 

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