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Business, 25.04.2020 04:02 gymer630

Stosch Company's balance sheet reported assets of $57,000, liabilities of $18,000 and common stock of $15,000 as of December 31, Year 1. Retained Earnings on the December 31, Year 2 balance sheet is $30,000 and Stosch paid a $17,000 dividend during Year 2. What is the amount of net income for Year 2?

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