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Riley Corporation accepted credit cards for $107,200 of services performed in 2016. The credit card company charged a 3% service fee and paid Riley as

Riley Corporation accepted credit cards for $107,200 of services performed in 2016. The credit card company charged a 3% service fee and paid Riley as soon as it received the credit card receipts.
Required: Based on this information only, and assuming the credit card company paid all the credit card receipts during the year 2016, what is the amount of net income earned during the year 2016?

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