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QUESTION
4 Haney Corp. Had only the following transactions during its first month in business:
4 Haney Corp. Had only the following transactions during its first month in business: Issued $100,000 in common stock, purchased inventory for $20,000 and sold all the inventory for $32,000, and incurred a liability of $12,000 for utility expense which had not been paid by the end of the month. What is Haney"s net income for the month?
