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Ivan's, Inc. paid $486 in dividends and $588 in interest this past year. Common stock increased by $198 and retained earnings decreased by $124. What

Ivan's, Inc. paid $486 in dividends and $588 in interest this past year. Common stock increased by $198 and retained earnings decreased by $124. What is the net income for the year?

$486
$950
$786
$588
$362

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