Net income of a repair shop

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Reference no: EM13127896

Benny's Repair Shop started the year with total assets of $100,000 and total liabilities of $80,000. During the year the business recorded $210,000 in revenues, $110,000 in expenses, and dividends of $20,000.

The net income reported by Benny's Repair Shop for the year was??

Reference no: EM13127896

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