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Please assist with the calculations for the following: Total Assets Total Liabilities Beginning of the...

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Accounting

Please assist with the calculations for the following: Total Assets Total Liabilities Beginning of the year $300,000 $130,000 End of the year $800,000 $550,000 Refer to Exhibit 2-1. Determine the net income (or loss), assuming no stock was issued and no dividends were paid?

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