Sunny corporation began the year with cash of $ 142 comma 000 and land that cost $ 47 comma 000. during the year sunny earned service revenue of $ 285 comma 000 and had the following expenses: salaries, $ 185 comma 000; rent, $ 81 comma 000; and utilities, $ 25 comma 000. at year-end sunny's cash balance was down to $ 79 comma 000. how much net income (or net loss) did sunny experience for the year?
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Sunny corporation began the year with cash of $ 142 comma 000 and land that cost $ 47 comma 000. dur...
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