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Business, 26.09.2019 18:30 Moocow17

Gatto production services started the year with total assets of $ 120 comma 000 and total liabilities of $ 45 comma 000. the revenues and the expenses for the year amounted to $ 110 comma 000 and $ 60 comma 000, respectively. during the year, the company did not issue any common stock, but it distributed dividends of $ 70 comma 000. calculate gatto's net income for the year.

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