The balance sheet of Pacific Ocean Resort reports total assets of $660,000 and $810,000 at the beginning and end of the year, respectively. The return on assets for the year is 16%. Calculate Pacific Ocean's net income for the year.
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The balance sheet of Pacific Ocean Resort reports total assets of $660,000 and $810,000 at the beginning and end of the year, respectively. The return on assets for the year is 16%.
Calculate Pacific Ocean's net income for the year.
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