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Pat's Custom Tuxedo Shop maintains its records on the cash basis. During this past year Pat's collected $ 4 4 , 0 0 0 in

Pat's Custom Tuxedo Shop maintains its records on the cash basis. During this past year Pat's collected $44,000 in tailoring fees, and paid $13,800 in expenses. Depreciation expense totaled $1,700. Accounts receivable increased $1,150, supplies increased $4,600, and accrued liabilities increased $2,250. Pat's accrual-basis net income was:

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