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Given the information below, what is the net income for 2012 if the company declared and paid a $50,000 dividend? Balance Sheet 12/31/2011 12/31/2012 Assets
Given the information below, what is the net income for 2012 if the company declared and paid a $50,000 dividend?
Balance Sheet 12/31/2011 12/31/2012
Assets $ 928,000 $ 987,000
Liabilities 354,000 383,000
Common Stock 400,000 410,000
Additional Paid In Capital 52,000 60,000
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