Ex. 4-103Calculation of net income from the change in stockholders' equity.

Presented below is certain information pertaining to Edson Company. (8 points)

Assets, January 1 $250,000

Assets, December 31 230,000

Liabilities, January 1 150,000

Common stock, December 31 90,000

Retained earnings, December 31 41,000

Common stock sold during the year 10,000

Dividends declared during the year 13,000

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