Business, 26.11.2020 20:40 zedanabdul198

The changes in account balances for allen inc. for 2018 are as follows: Assets $225,000 debit
Common stock $125,000 credit
Liabilities 80,000 credit
Paid-in capital—excess of par 15,000

Assuming the only changes in retained earnings in 2018 were for net income and a $25,000 dividend, what was net income for 2018?

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The changes in account balances for allen inc. for 2018 are as follows: Assets $225,000 debit
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