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ACC 100 100 Stahl Consulting started the year with total assets of $60,000

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June 7th, 2024

Stahl Consulting started the year with total assets of $60,000 and total liabilities of $15,000. During the year, the business recorded $48,000 in catering revenues and $30,000 in expenses. Stahl made an additional investment of $9,000 and withdrew cash of $15,000 during the year. How much is their net income?

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