accounting

Carlton company had assetsof \$280,000 & liabilities of \$120,000 at the beginning of the year and assets of \$400,000 & liabilities of \$140,000 at the end of the year. During the year, the owner invested an additional \$40,000 in the business, and the company made withdrawals of \$48,000. What amount of net income did the company earn during the year?

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1. See if any of the following links will help:

http://search.yahoo.com/search?fr=mcafee&p=how+to+figure+the+net+income+of+a+company+during+a+year

Sra

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2. 8000

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posted by marissa
3. 123456

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