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Question 8 10 pts Casey's Repair Shop started the year with total assets of $320,000 and total liabilities of $230,000. During the year the business recorded $600,000 in revenues, $360,000 in expenses, and dividends of $50,000. The net income reported by Casey's Repair Shop for the year was $240,000 O $280.000 $190.000 $380,000