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Restaurant 219 started business with total assets of $450,000 and total liabilities of $250,000. During the year, the restaurant recorded $735,000 in revenues, $430,000 in
Restaurant 219 started business with total assets of $450,000 and total liabilities of $250,000. During the year, the restaurant recorded $735,000 in revenues, $430,000 in costs and expenses, and dividends of $105,000. What is the profit for the year?
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