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What is the total amount of net income for the current year

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Reference no: EM133183341

Question - Tampa Corporation incorporated on January 2 of the current year. During the year, the company had the following transactions:

Issued 6000 shares of common stock at $4 per share. The par value per share is $1.

Purchased 1900 shares of treasury stock at $5 per share

No dividends were declared during the year

Ending total stockholders' equity $499,115.

Required - What is the total amount of net income for the current year?

Reference no: EM133183341

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