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Splish Brothers Inc. began the year by issuing $109000 of common stock for cash. The company recorded revenues of $1141000, expenses of $953000, and paid
Splish Brothers Inc. began the year by issuing $109000 of common stock for cash. The company recorded revenues of $1141000, expenses of $953000, and paid dividends of $57000. What was Splish's net income for the year?
a)$188000
b)$297000
c)$131000
d)$240000
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