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A company's retained earnings increased $386,000 last year and its assets increased $984,000. The company declared a $80,000 cash dividend during the year. What was

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A company's retained earnings increased $386,000 last year and its assets increased $984,000. The company declared a $80,000 cash dividend during the year. What was last year's net income? Multiple Choice $306,000 $386,000 $466,000 O O $518,000

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