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28) During 2016, Wayneright Companys total assets increased $100,000, and total liabilities decreased $60,000. During the same year, the companys investors invested an additional $120,000
28) During 2016, Wayneright Companys total assets increased $100,000, and total liabilities decreased $60,000. During the same year, the companys investors invested an additional $120,000 and the company paid dividends of $60,000. What must have been the companys net income for 2016? A) $100,000 B) $ 60,000 C) $ 80,000 D) $ 40,000
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