Question: Please provide the solution to this general accounting question using proper accounting principles. Vega Engineering began the year with total assets of $275,000 and total

Please provide the solution to this general accounting question using proper accounting principles.

Vega Engineering began the year with total assets of $275,000 and total liabilities of $130,000. During the year, the company reported $240,000 in revenues, $150,000 in expenses, and paid dividends of $35,000. What is the Net Income

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