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The financial information below is for Mike Ross who teaches accounting on a part-time basis. He prepares his personal statements quarterly during the How
The financial information below is for Mike Ross who teaches accounting on a part-time basis. He prepares his personal statements quarterly during the How much has been added to or deducted from Mike's net worth for the year of 2022 in quarter 2 and quarter 3 combined? Quarter 1 Quarter 2 Quarter 3 Cash $1,800 $3,200 $3,400 Investments $50,000 $45,000 $48,000 Bank Loan $1,000 $2,000 $3,000 Revenue $3,200 $3,100 $2,500 Entertainment Expense $400 $600 $800 Food Expense $1,600 $1,300 $1,200 Insurance Expense $150 $200 $300 Interest Expense $175 $240 $320 Unpaid Accounts $400 $700 $800 Select one: O a. $760 added to net worth O b. $120 deducted from net worth c. $640 added to net worth d. $640 deducted from net worth year.
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