Solved: The only change to retained earnings during 2013 was for, Accounting Basics

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The only change to retained earnings during 2013 was for

Question - The following summary balance sheet account categories of Company increased during 2013 by the amount shown:

Assets $178,000

Capital Stock $120,000

Liabilities $54,000

APIC $12,000

The only change to retained earnings during 2013 was for $26,000 of dividends. What was Company's net income for 2013?

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Accounting Basics: The only change to retained earnings during 2013 was for

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Accounting Basics: The only change to retained earnings during 2013 was for

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