What was net income-changes in retained earnings

Reference no: EM13152724

Assets/Debit $480,000

Common stock/Credit $250,000

Liabilities/Credit $160,000

Paid in capital/Credit $30,000

Assuming the only changes in retained earnings in 2009 were for net income and a $50,000 dividend, what was net income for 2009?

Reference no: EM13152724

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