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on 23 The total assets and the total liabilities of Salhiya Financial Services, are shown below. There were no capital contributions and withdrawals during the year. ered Led out of Assets Liabilities Beginning of year $425,000 $280,000 lag estion End of year 500,000 235,000 What was the amount of net income for the year? Select one: $75,000 $120,000 $30,000 $45,000 O $265,000