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Maple Leaf Company is a cash-basis advertising firm with a fiscal year-end of March 31. Maple Leaf's employees earn a normal weekly wage of $18,000
Maple Leaf Company is a cash-basis advertising firm with a fiscal year-end of March 31. Maple Leaf's employees earn a normal weekly wage of $18,000 during a five-day work week. March 31 falls on a Tuesday for the current year. Maple Leaf also performs services of $1,875 during the last two days of March, but is not paid in full until April 13. As a result of operations, Maple Leaf's net income for the most recent fiscal year will be ________ by________.
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