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If retained earnings on the december 31 2016 balance sheet

Stosch Company's balance sheet reported assets of $47,000, liabilities of $16,000 and common stock of $13,000 as of December 31, 2015. If Retained Earnings on the December 31, 2016 balance sheet is $22,000 and Stosch paid a $15,000 dividend during 2016, then the amount of net income for 2016 was?

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Accounting Basics: If retained earnings on the december 31 2016 balance sheet

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