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26. The changes In account balances for Allen Inc. for 2016 are as follows: Assets Common Stock Liablitties Pald-in capital-excess of par $245,000 debit 72,000

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26. The changes In account balances for Allen Inc. for 2016 are as follows: Assets Common Stock Liablitties Pald-in capital-excess of par $245,000 debit 72,000 credit 19,000 credit Assuming the only changes in retained earnings in 2016 were for net Income and a $33,000 dividend, what was net income for 2016? o $9,000. O $42.000 O $24,000 O $19,000 MacBook Air esc F1 F2 F3 4

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