Camrim Inc., experienced the following events in 2018, its first year of operation: Performed counseling services for $41,700 cash. On March 1, 2018, paid $9,310 cash to rent office space for the next 12 months.. Adjusted the accounts to reflect
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Camrim Inc., experienced the following events in 2018, its first year of operation:
- Performed counseling services for $41,700 cash.
- On March 1, 2018, paid $9,310 cash to rent office space for the next 12 months..
- Adjusted the accounts to reflect the amount of rent used during the year.
Based on these three events, net income is $
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