Beginning capital was $10,000. Withdrawals were $24,000. The owner made additional investments during year of $60,000. The ending capital balance was $90,000. What was the net income or net loss for the period? A) Net income, $56,000 B) Net loss, $44,000 C) Net income, $44,000 D) Net income, $30,000 E) None of the above
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