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Exercise 1 - 1 6 ( Algo ) Computing net income using accounting equation LO P 2 Shep Company's records show the following information for

Exercise 1-16(Algo) Computing net income using accounting equation LO P2
Shep Company's records show the following information for the current year:
\table[[,\table[[Beginning of],[year]],End of year],[Total assets,$54,800,$86,000
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