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The balance sheet of Hidden Valley Farms reports total assets of $795,000 and $965,000 at the beginning and end of the year, respectively. The return

The balance sheet of Hidden Valley Farms reports total assets of $795,000 and $965,000 at the beginning and end of the year, respectively. The return on assets for the year is 5%. What is Hidden Valley's net income for the year?

$44,000

$19,300,000

$48,250

$17,600,000

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