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Question 1: Nash's Trading Post, LLC started the year with total assets of $300000 and total liabilities of $240000. During the year the business recorded $625000 in revenues, $325000 in expenses, and dividends of $55000. The net income reported by Nash's Trading Post, LLC for the year was
Option 1: $245000.
Option 2: $570000.
Option 3: $300000.
Option 4: $180000
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