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What net income reported by swifty consulting for year was

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Problem 1: Swifty Consulting started the year with total assets of $59200 and total liabilities of $14700. During the year, the business recorded $48500 in catering revenues and $29300 in expenses. Swifty issued stock of $8300 and paid dividends of $15000 during the year. The net income reported by Swifty Consulting for the year was:

Option 1: $2000.

Option 2: $19200.

Option 3: $10300.

Option 4: $25300.

Reference no: EM132826266

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