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The total assets and the total liabilities of Atlas Financial Services are shown below. There were no capital contributions and no withdrawals during the year.

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The total assets and the total liabilities of Atlas Financial Services are shown below. There were no capital contributions and no withdrawals during the year. Beginning of year End of year Total Assets Total Liabilities $405,000 $295,000 430,000 305,000 What was the amount of net income for the year? BO A. $10,000 B. $35,000 O C. $15,000 O D. $25.000

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