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As of the end of its accounting period, December 31, Year 1, Great Plains Company has assets of $906,109 and liabilities of $279,750. During
As of the end of its accounting period, December 31, Year 1, Great Plains Company has assets of $906,109 and liabilities of $279,750. During Year 2, stockholders invested an additional $28,893 and received $25,780 in dividends from the business. What is the amount of net income during Year 2, assuming that as of December 31, Year 2, assets were $983,948 and liabilities were $237,371? O $25,780 Ob. $77,839 O $42,379 c Od $117,105
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