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Melrose Corporation began 2025 with $16,000 in stockholders' equity. Of this amount $10,000 was in common stock, and there were no changes in the common
Melrose Corporation began 2025 with $16,000 in stockholders' equity. Of this amount $10,000 was in common stock, and there were no changes in the common stock account during 2025. At December 31, 2025, Melrose had $18,500 in stockholders' equity. Melrose paid out $6,000 in dividends during the year. How much was its net income in 2025?
a.$8500
b.$18500
c.$2500
d.$6000
e. None
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