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For the year just completed, Hanna Company had net income of $ 7 3 , 5 0 0 . Balances in the company's current'asset and

For the year just completed, Hanna Company had net income of $73,500. Balances in the company's current'asset and current liability accounts at the beginning and end of the year were as follows:
\table[[,December 31],[,End of Year,Beginning of Year],[Current assets:,$60,000,$80,000
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