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The January 1st assets are $234,987 and liabilities are $187,400. The December 31st assets are $252,900 and liabilities are $108,513. There were additional investments of

The January 1st assets are $234,987 and liabilities are $187,400. The December 31st assets are $252,900 and liabilities are $108,513. There were additional investments of $20,000 and the owner took a $12,000 drawing. What was the net income for the year?

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