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Kilmer Co's balance sheet reported assets of $142,000, liabilities of $35,000 and common stock of $32,000 as of December 31, 2012. If Retained Earnings on

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Kilmer Co's balance sheet reported assets of $142,000, liabilities of $35,000 and common stock of $32,000 as of December 31, 2012. If Retained Earnings on the December 31, 2013 balance sheet is $98,000 and Kilmer paid a $34,000 dividend during 2013, then the amount of net income for 2013 was which of the following? Multiple Choice $75,000 $23,000 None of these

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