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APPENDIX A Homework Unit 1 (50 pts) 1. Heedy Company had the following account balances in 2016 and 2017, respectively. Assuming dividends of $20,000 were

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APPENDIX A Homework Unit 1 (50 pts) 1. Heedy Company had the following account balances in 2016 and 2017, respectively. Assuming dividends of $20,000 were paid in 2017, how much was net income? 2017 2016 Capital Stock $ 42,000 $ 40,000 Retained Earnings 210,000 Total Stockholders' Equity $ 314,000 $ 250,000 a. $62,000 b. $82,000 c. $272.000 d. $252,000

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