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Multiple Choice Question 145 Sunland Consulting started the year with total assets of $58400 and total liabilities of $15300. During the year, the business recorded

Multiple Choice Question 145

Sunland Consulting started the year with total assets of $58400 and total liabilities of $15300. During the year, the business recorded $48300 in consulting revenues and $30100 in expenses. Sunland made an additional investment of $9600 and withdrew cash of $15000 during the year. The net income reported by Sunland Consulting for the year was:

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