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What is the Net Income? Harold's Bicycle Repair Shop started the year with total assets of $212,000 and total liabilities of $120,000. During the year,

What is the Net Income?
Harold's Bicycle Repair Shop started the year with total assets of $212,000 and total liabilities of $120,000. During the year, the business recorded $359,000 in repair revenues and expenses of $256,000. Harold withdrew $30,000 at the end of the year. What is the Net Income? (Show your calculation for full point)

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