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Question - Company had the following data for the year ending December? 31, 2014:
Cash ?$6,000
Depreciation expense ?40,000
Prepaid rent ?1,400
Cost of goods sold ?69,000
Sales ?200,000
Dividends paid ?3,000
Rent expense ?3,600
Wage expense ?81,000
What is the net income for the year ending December? 31, 2014?
A. ?$6,000
B. ?$400
C. ?$6,400
D. ?$3,400
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