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4. The beginning and ending balances of retained earnings for the year were $20,000 and $45,000, respectively. If dividend distributions from shareholders' equity exceeded new

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4. The beginning and ending balances of retained earnings for the year were $20,000 and $45,000, respectively. If dividend distributions from shareholders' equity exceeded new capital contributions during the year by $6,000, how much was net income for the year? A. $28,000 net income B. $22,000 net loss C. $31,000 net income D. $25,000 net income

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