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Given the following information: Stockholders' equity-January 1, 2014 $89,040 Stockholders' equity-December 31, 2014 92,220 Stockholder investments during 2014 12,720 Dividends paid during 2014 38,160

Given the following information: Stockholders' equity-January 1, 2014 $89,040 Stockholders' equity-December 31, 2014 92,220 Stockholder investments during 2014 12,720 Dividends paid during 2014 38,160 Revenues during 2014 328,600 Compute 2014 net income for Cullumber Company. Net income in 2014 $ tA

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