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Question - Lambe Company began the year with owner's equity of $105,000. During the year, Letty received additional owner investments of $147,000, recorded expenses of $420,000, and had owner drawings of $28,000. If Lambe's ending owner's equity was $290,000, what was the company's revenue for the year?
a. $458,000.
b. $486,000.
c. $605,000.
d. $633,000.
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