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The following information has been taken from the financial statements available for the ABC company. Determine the net income Accounts payable Accounts receivable $12,000 Income

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The following information has been taken from the financial statements available for the ABC company. Determine the net income Accounts payable Accounts receivable $12,000 Income taxes Owner's equity Cost of goods sold $42,000 Selling expenses $10,000 Sales revenue $80,000 $4000 $6,000 $75,000 $28,000 $22,000 $30,000 $105,000

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