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The answer is B. net income of $35,000.
Computation of profit: Opening Capital($.25,000)+Net Profit-Withdraw($23000)=Ending Capital($37000), So, Net profit will be $35000
The correct answer is option-B
The answer is B
Beg. Balance + Net Income - Withdrawals = Ending Balance
Net income of $35000 is the amount of total period.
net income of35000 of this business