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.Alpha Corporation has provided the following information for its first year of operations: Revenues earned were $76,000. Operating expenses incurred were $33,000. Alpha Corp. declared
.Alpha Corporation has provided the following information for its first year of operations:
Revenues earned were $76,000.
Operating expenses incurred were $33,000.
Alpha Corp. declared dividends of $15,000.
Income tax expense was $15,910.
The ending balance of Accounts Receivable was $8,000.
The ending balance of Accounts Payable was $7,000.
The ending balance of Dividends Payable was $5,000.
What was Alpha Corp.'s Net Income for the year?
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