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Kevin Company had the following selected accounts and amounts on its December 31 Trial Balance. Using this information, calculate the amount of Net Income on

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Kevin Company had the following selected accounts and amounts on its December 31 Trial Balance. Using this information, calculate the amount of Net Income on the December 31 Income Statement. Cash 55,000 Accounts Payable 30,000 Common Stock 90,000 Revenue 125,000 Equipment 65,000 Woges Expense 60,000 Accounts Recelvable 45,000 Rent Expense 20,000 Dividends 2,000 Utilities Expense 4,000 Retained Earnings 80,000

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