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Been having trouble solving this question on a practice hw. The following are changes in all account balances of Bonita Furniture during the current year,

Been having trouble solving this question on a practice hw.

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The following are changes in all account balances of Bonita Furniture during the current year, except for retained earnings. Increase Increase (Decrease) (Decrease) Cash 81,420 Accounts Payable (60,180 ) Accounts Receivable (net) 53,100 Bonds Payable 96,760 Inventory 149,860 Share CapitalOrdinary 162,840 Investments (55,460 ) Compute the net income for the current year, assuming that there were no entries in the Retained Earnings account except for net income and a dividend declaration of 28,320 which was paid in the current year. Net income E 30000

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