Stanton corp began operations on january 1 2016 the, Financial Accounting

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Stanton corp began operations on january 1 2016 the

Stanton Corp. began operations on January 1, 2016. The statement of cash flows for the first year reported dividends paid of $221,000. The balance sheet at the end of the first year reported $65,000 in dividends payable and $521,000 in ending retained earnings.

Determine Stanton's net income for its first year of operations.

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Financial Accounting: Stanton corp began operations on january 1 2016 the

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Financial Accounting: Stanton corp began operations on january 1 2016 the

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