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Beemer Beemer Corporation has provided the following information pertaining to the year ended December 31, 2011: Stockholders' equity as of January 1 was $735,000. Dividends

Beemer Beemer Corporation has provided the following information pertaining to the year ended December 31, 2011: Stockholders' equity as of January 1 was $735,000. Dividends declared during the year totaled $79,000 of which $68,000 were paid during the year. Stockholders invested $121,000 cash into the business in exchange for new shares of stock. Stockholders' equity as of December 31 was $1,070,000. How much was Beemer's 2011 net income?Corporation

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