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Jensen Enterprises paid $700 in dividends and $320 in interest this past year. Common stock remained constant at $6,800 and retained earnings decreased by $180

Jensen Enterprises paid

$700

in dividends and

$320

in interest this past year. Common stock remained constant at

$6,800

and retained earnings decreased by

$180

. What is the net income for the year?\

$180

\

$520

\

$1,200

\

$1,020

\

$880
image text in transcribed
Jensen Enterprises paid $700 in dividends and $320 in interest this past year. Common stock remained constant at $6,800 and retained earnings decreased by $180. What is the net income for the year? $180 $520 $1,200 $1,020 $880

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