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06-03-2024
Business

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During Year 3, the Bradley Company experienced the following events:
Paid the balance due on the land note.
Sold inventory that cost $5,000 for $8,000.
Paid $2,000 to Bivins Company for inventory previously purchased on account.
Collected amount due on account receivable.
Sold the delivery van for $13,000. Buyer could not pay in cash so Bradley Company agreed to hold a note.
What is Bradley's Net Income for Year 3?

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