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Ivan's, Inc. paid $476 in dividends and $583 in interest this past year. Common stock increased by $193 and retained earnings decreased by $119. What

Ivan's, Inc. paid $476 in dividends and $583 in interest this past year. Common stock increased by $193 and retained earnings decreased by $119. What is the net income for the year?

$583
$357
$776
$476
$940

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