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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asked by Monica
  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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