Josephine's Bakery had the following assets and liabilities at the beginning and end of the current year:
If Josephine made no investments in the business but withdrew $5,000 during the year, what was the amount of net income earned by Josephine's Bakery?
Definitions:
Proprietary Software
Software that has been developed by a company and has restrictions on its use, copying, and modification.
Microsoft
An American multinational technology corporation which produces computer software, consumer electronics, personal computers, and related services.
Apache
An open-source web server software known for its role in the development of the World Wide Web, providing a secure, efficient, and extensible server that provides HTTP services.
Piracy
Copying a software program (other than freeware, demo software, etc.) without making payment to the owner.
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