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Calculate the net income or loss for the year

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Question - Winder Corporation had total shareholders' equity of $665,000 at the beginning of the year and $753,000 at the end of the year. Shareholders invested an additional $75,000 during the year. Also during the year, cash dividends of $20,000 were declared and paid. Calculate the net income or loss for the year.

A) $53,000

B) None of the above

C) $108,000

D) $33,000

E) $128,000

Reference no: EM133112796

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