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X Company reported the following balance sheet information: January 1: Total Assets $15,553 - Total liabilities: $7,911 - Paid in capital: $4750 December 31: total

X Company reported the following balance sheet information:

January 1: Total Assets $15,553 - Total liabilities: $7,911 - Paid in capital: $4750

December 31: total assets: $14,683 - Total liabilities: $7,809 - Paid-In Capital: $4,931

What was net income for the year?

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