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Solve the following problem using Python, implementing the functions described below, one line at a time
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Description:
 def display_pil_image(im):
 """Displayhook function for PIL Images, rendered as PNG."""

   from IPython.core import display
   b = BytesIO()
   im.save(b, format='png')
   data = b.getvalue()

   ip_img = display.Image(data=data, format='png', embed=True)
   return ip_img._repr_png_()