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What was the company net income for the year

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Question - Firehouse Corporation began the year with retained earnings of $100,000. During 2022, the company issued $80,000 of common stock for cash. The company recorded revenues of $750,000, expenses of $640,000, and paid dividends of $40,000. What was the company's net income for the year 2022?

Reference no: EM133045481

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