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Financial information related to Lost Trail Company, a proprietorship, for the month ended November 30, 2014, is as follows: Net income for November $97,020 Penny

Financial information related to Lost Trail Company, a proprietorship, for the month ended November 30, 2014, is as follows:

Net income for November $97,020
Penny Beall's withdrawals during November 10,670
Penny Beall, capital, November 1, 2014 740,300

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