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Ladd, Inc., bought 400 shares of Dey, LLC, for $20 per share and incurred brokerage commissions of $100. Ladd later sold its stake in Dey
Ladd, Inc., bought 400 shares of Dey, LLC, for $20 per share and incurred brokerage commissions of $100. Ladd later sold its stake in Dey for $22 per share and incurred brokerage commissions of $175. The effect of the sale on Ladd's net income is a(n) (increase/decrease) of $
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