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Lansing Limited had a beginning balance in its Retained Earnings account of $385,800. During the year, the company declared and paid a $4,740 dividend, and
Lansing Limited had a beginning balance in its Retained Earnings account of $385,800. During the year, the company declared and paid a $4,740 dividend, and at the end of the year, it reported Retained Earnings of $400,260. The company's net income for the year was:
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