Last year internet service company isc sold services on, Financial Accounting

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Last year internet service company isc sold services on

Last year, Internet Service Company (ISC) sold services on account for $75,000 and incurred expenses totaling $48,000. At the end of the year, the balance for Accounts Receivable was $10,000, and the balance for Accounts Payable was $8,000. What was ISC's net income or net loss for the year?

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Financial Accounting: Last year internet service company isc sold services on

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