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Pick-it-out Custom Services ("PIO") provides the following alphabetic list of selected account
balances on the dates indicated, all account balances are normal: Assume PIO declared and paid
dividends during the twelve months ended 12/31/20X2 of $15 , 000 and collected new owner
contributions of capital during this same time period in the amount of $10 , 000 . Select the
answer below that shows PIO's net income the twelve months ended 12/31/20X2.

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