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What amount of net income would company report

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Problem 1: On January 1, 2018, Swifty Company reported stockholders' equity of $704200. During the year, the company paid dividends of $29900. At December 31, 2018, the amount of stockholders' equity was $824800. What amount of net income or net loss would the company report for 2018?

Option 1: Net loss of $29900

Option 2: Net income of $150500

Option 3: Net income of $90700

Option 4: Net income of $120600

Reference no: EM132784732

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