Stahl consulting started the year with total assets of

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Stahl Consulting started the year with total assets of $20,000 and total liabilities of $5,000. During the year, the business recorded $16,000 in catering revenues and $8,000 in expenses. Stahl made an additional investment of $3,000 and withdrew cash of $5,000 during the year. The net income reported by Stahl Consulting for the year was?

Reference no: EM13601174

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