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The following pre-closing accounts and balances were drawn from the records of Carolina Company on December 31, Year 1: What is the amount of net

The following pre-closing accounts and balances were drawn from the records of Carolina Company on December 31, Year 1: What is the amount of net income that will be reported on the Year 1 income statement? $950 $1,450 $1,150 $2,600

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