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On December 3 1 , Merry Capital account showed a balance of 2 8 , 0 0 0 . The balance on January 1 was

On December

31,

Merry Capital account showed a balance of

28, 000 .

The balance on January

1

was $

6000

for

2022 .

The company withdrew $

2000

every quarter and, in addition, invested

20, 000 .

What was the company's net income or loss for the year?

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