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The net cash provided by operating activities in Sosa Company's statement of cash flows for 2021 was $310,000. For 2021, depreciation on plant assets was
The net cash provided by operating activities in Sosa Company's statement of cash flows for 2021 was $310,000. For 2021, depreciation on plant assets was $90,000, amortization of patent was $16,000, and cash dividends paid on common stock was $108,000. Based only on the information given above, Sosa's net income for 2021 was
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