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Pina Colada Corp. decided to issue common stock and used the $ 5 6 7 , 0 0 0 proceeds to redeem all of its

Pina Colada Corp. decided to issue common stock and used the $567,000 proceeds to redeem all of its outstanding bonds on January 1,2025. The following information is available for the company for 2025 and 2024.
\table[[,2025,2024],[Net income,$194,860,$137,880
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