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Current Attempt in Progress Suppose that at the beginning of January, 2 0 2 7 , Sunland Company had a balance in its Retained Earnings

Current Attempt in Progress
Suppose that at the beginning of January, 2027, Sunland Company had a balance in its Retained Earnings account totaling $42800. At
the end of the year, the balance totaled $48800. If $10800 of dividends were declared and paid during the year, how much was net
income during 2027?
$53600
$16800
$4800
$6000Current Attempt in Progress
Suppose that at the beginning of January, 2027, Sunland Company had a balance in its Retained Earnings account totaling $42800. At
the end of the year, the balance totaled $48800. If $10800 of dividends were declared and paid during the year, how much was net
income during 2027?
$53600
$16800
$4800
$6000
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