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Johnstone Inc, had a net loss of $92,700 prior to the following transactions: The company wrote off accounts of customers owing $38,900. The company recovered
Johnstone Inc, had a net loss of $92,700 prior to the following transactions: The company wrote off accounts of customers owing $38,900. The company recovered $8,100 in receivables from customers whose accounts had previously been written off. The company recorded bad debts expense of $52,900 based on an aging of its receivables. What would Johnstone's net income (or loss) be after these transactions? (Enter loss using either a negative sign preceding the number e.g. -2,945 or parentheses e.g. (2,945).) Net income (loss) $
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