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Henri Natisse is the owner and operator of Natisse Enterprise, an art valuation business. At the end of its accounting period, December 31, 2019,
Henri Natisse is the owner and operator of Natisse Enterprise, an art valuation business. At the end of its accounting period, December 31, 2019, Natisse Enterprise has assets of $760,000 and liabilities of 240,000. Calculate net income during 2020, assuming that as of December 31, 2020, assets were $960,000, liabilities were $156,000, during 2020 Natisse paid himself a dividend of $10,000, and no shares were issued or repurchased during 2020. $294,000. $520,000. $804,000. $274,000.
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