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Your Corporation started a consulting business on January 1, 2021 by issuing $9,000 of common stock. What was net income for the year given the

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Your Corporation started a consulting business on January 1, 2021 by issuing $9,000 of common stock. What was net income for the year given the following events? Paid $65,000 for work that will be done later Performed $24,000 of work for cash Prepaid $18,000 for 12 months of rent. Incurred $22,000 of operating expense on account. Paid $5,000 of its accounts payable Completed $27.000 of the prepaid work Recognized $6,000 of rent expense. Paid a cash dividend of $2,000 to the stockholders, $11,000 O $18.000 O $21,000 $20,000 $23,000

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