What is the net income for the year, Finance Basics

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What is the net income for the year

Problem:

Ivan's, Inc. paid $464 in dividends and $577 in interest this past year. Common stock increased by $187 and retained earnings decreased by $113. What is the net income for the year? Please show work.

A. $351

B. $928

C. $764

D. $577

E. $464

Please provide all calculation and formulas.

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Finance Basics: What is the net income for the year

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Finance Basics: What is the net income for the year

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