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View Policies Current Attempt in Progress Waterway Company began the year by issuing $ 1 1 3 0 0 0 of common stock for cash.

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Waterway Company began the year by issuing $113000 of common stock for cash. The company recorded revenues of $1109000, expenses of $973000, and paid dividends of $58000. What was Waterway's net income for the year?
$249000
$136000
$191000
$78000
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