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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
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