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the following pre - closing accounts and balances were drawn from the records of Carolina Company on December 3 1 , Year 1 : Cash
the following preclosing accounts and balances were drawn from the records of Carolina Company on December Year :
Cash $ Accounts receivable $
Dividends Common stock
Land Revenue
Accounts payable Expense
Retained earnings
What is the amount of net income that will be reported on the Year income statement?
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