Reference no: EM132536240
Question - Information from the December 31, 2016 balance sheet of Argon Company is as follows:
Common stock, $8 par, 100,000 shares authorized and issued, $800,000
Additional paid-in capital-common, $320,000
Treasury stock, 12,000 shares at cost, $120,000
Total stockholders' equity, $1,148,000
What was the amount of Argon's Retained Earnings and net income?
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