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What was waterways net income for the year

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Reference no: EM132497261

Question 1: Waterway Industries began the year with retained earnings of $118000. During 2022, the company issued $77500 of common stock for cash. The company recorded revenues of $730000, expenses of $663000, and paid dividends of $43000. What was Waterway's net income for the year 2022?

Option 1: $144500

Option 2: $101500

Option 3: $67000

Option 4: $24000

Reference no: EM132497261

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