The total assets and liabilities of Oriole Company at January 1 and December 31,2020 are...

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Accounting

The total assets and liabilities of Oriole Company at January 1 and December 31,2020 are presented below.
(a)
Your answer is correct.
Assume owner's drawings of $11,200 were paid and no additional investment was made during the year. Revenues were
$105,000. Compute (a) net income, and (b) expenses. (Enter loss using either a negative sign preceding the number e.g.-45
or parentheses e.g.(45).)
(a) Net income/(loss) $
(b) Expenses
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