Bagel Inc.reported net income of $105,000 for the year ended December 31,2014.The following items were included on Bagel's balance sheets at December 31,2014 and 2013:

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The Answer of Bagel Inc.reported net income of $105,000 for the year ended December 31,2014.The following items were included on Bagel's balance sheets at December 31,2014 and 2013:

Bagel IncReported Net Income of $105,000 for the Year Ended December