(Answered) The following assets and liabilities at the beginning and

Finance

The following assets and liabilities at the beginning and end of the current year are for James' Stores:

Assets Liabilities

Beginning of the year........... $236,000 $190,000

End of the year.................. 250,000 175,000

If James withdrew $4,000 during the year and invested an additional $17,000 in the business, what was the amount of net income earned by Josephine's Bakery?

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