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Kleiner Merchandising Company Accumulated depreciation $ 700 Beginning inventory 5,000 Common stock 50 Retained earnings 900 Ending inventory 1,700 Operating expenses 1,450 Purchases 3,900 Sales

Kleiner Merchandising Company

Accumulated depreciation $ 700 Beginning inventory 5,000 Common stock 50 Retained earnings 900 Ending inventory 1,700 Operating expenses 1,450 Purchases 3,900 Sales 9,500 Dividends 1,600

Use the above information net income.

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