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Find what was the net income for the year

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Reference no: EM132503411

$ and Shares in Thousands

Stock                Holders     Equity

Prefered Stock, 1$ par Value $5,500

Common Stock, 1$ par Value $25,500

Additional Paid in Capitol $842,000

Total Paid in Capitol $872,500

Retained Earnings $283,000

Treasury Stock 12000 common Shares $(324,000)

Total Stock Holders Equity $ 831,500

Question 1: If retained earnings at the beginning of the period was $245 million and $25 million was paid in dividends during the year what was the net income for the year.

Reference no: EM132503411

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