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If beginning capital was $170,000, ending capital is $99,000, and the owner's withdrawals were $18,000, the amount of net income or net loss was: A.net

If beginning capital was $170,000, ending capital is $99,000, and the owner's withdrawals were $18,000, the amount of net income or net loss was:

A.net income of

$71,000.

B.net loss of

$71,000.

C.net loss of

$53,000.

D.net income of

$53,000.

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