Josephine's Bakery Had the Following Assets and Liabilities at the Beginning

question 212

Essay

Josephine's Bakery had the following assets and liabilities at the beginning and end of the current year:
$\begin{array}{|l|r|r|}\hline & \text { Assets } & \text { Liabilities } \\\hline \text { Beginning of the year } & \$ 114,000 & \$ 68,000 \\\hline \text { End of the year } & 135,000 & 73,000\\\hline \end{array}$
If the owners invested an additional $12,000 in the business during the year,but no dividends were paid,what was the amount of net income earned by Josephine's Bakery during the current year?

---

Definitions:

Location-Aware Devices

Location-aware devices are gadgets equipped with technology to detect and utilize their geographical position, enhancing services like navigation and personalized content.

Location-Aware Content

Digital content that is customized or altered based on the geographical location of the user.

User Experience

The overall experience of a person using a product, system, or service, especially in terms of how easy or pleasing it is to use.

Social Media

Platforms and technologies that enable users to create, share content, and participate in social networking.