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As of the end of its acct period, Dec 31st year 1, Great Company has assets of $940000 and liabilities of $300000. During year 2 stockholders invested an additional $73000 and received $33000 in dividends form the business. What is the amount of net income during year 2 assuming that as of Dec 31 year 2 assets were $995000 and liabilities were $270000?
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