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In Year 1, Kim Company sold land for $103,000 cash. The land had originally cost $53,000. Also, Kim sold inventory that had cost $191,000 for

In Year 1, Kim Company sold land for $103,000 cash. The land had originally cost $53,000. Also, Kim sold inventory that had cost $191,000 for $278,000 cash. Operating expenses amounted to $44,000.
Income Statement c. Determine the percentage change in net income between Year 1 and Year 2. (Round your answer to one decimal place.)

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