Jerry's Butcher Shop Had the Following Assets and Liabilities at the Beginning

question 146

Essay

Jerry's Butcher Shop had the following assets and liabilities at the beginning and end of the current year:
$\begin{array} { l c c } & \text { Assets } & \text { Liabilities } \\\text { Beginning of the year } \$ 114,000 & \$ 68,000 \\\text { End of the year } & 135,000 & 73,000\end{array}$
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If Jerry made no investments in the business and withdrew no assets during the year, what was the amount of net income earned by Jerry's Butcher Shop?

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Definitions:

Skin Senses

The sensory modalities including touch, temperature, pain, and proprioception mediated by the skin's receptors.

Largest Organ

The skin; it serves as the body's outer layer, protecting against external harm and regulating temperature.

Gate-Control Theory of Pain

A theory that suggests pain signals must pass through a "gate" in the spinal cord, which can be closed, thus blocking the pain signal, by factors in the brain or by physical stimulation of the nerves.

Kinesthetic Senses

The ability to sense body position, movement, and dynamics of the muscles and joints, contributing to our sense of proprioception.