2. The following information is for Kon Inc. for the year ended December 31, 2024: Common shares, Jan. 1 Common shares issued during year Retained earnings, Jan. 1 Office expense Dividends declared Rent expense Service revenue Utilities expense Salaries expense Income tax expense $20,000 10,000 58,000 1,600 5,000 $12,400 61,000 2,400 30,000 3,000 What was Kon's Income for the year? 3. With the Information from Kon Inc. in #2, what is their ending Shareholders' Equity balance?

2. The following information is for Kon Inc. for the year ended December 31,2024 : What was Kon's Income for the year? 3. With the Information from Kon Inc, in \#2, what is their ending Shareholders' Equity balance? 2. The following information is for Kon Inc. for the year ended December 31,2024 : What was Kon's Income for the year? 3. With the Information from Kon Inc, in #2, what is their ending Shareholders' Equity balance