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A man diagnosed with diabetes mellitus has the following arterial blood values: blood pH – 7.25, pCO₂ – 37 mm Hg, standard bicarbonate (SB) – 19.5 mmol/L, buffer base (BB) – 39 mmol/L, base excess (BE) – (-7) mmol/L, blood ketone bodies – 19 mmol/L, titratable acidity of urine – 50 mmol per 24 hours. What acid-base imbalance is observed in this patient?