Josephine's Bakery had the following assets and liabilities at the beginning and end of the current year:
If Josephine invested an additional $12,000 in the business and withdrew $5,000 during the year, what was the amount of net income earned by Josephine's Bakery?

Question

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The Answer of Josephine's Bakery had the following assets and liabilities at the beginning and end of the current year:
If Josephine invested an additional $12,000 in the business and withdrew $5,000 during the year, what was the amount of net income earned by Josephine's Bakery?

Josephine's Bakery Had the Following Assets and Liabilities at the Beginning