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Parker, Inc. had a beginning balance in its Retained Earnings account of $385,700. During the year, the company declared and paid a $4,720 dividend and,

Parker, Inc. had a beginning balance in its Retained Earnings account of $385,700. During the year, the company declared and paid a $4,720 dividend and, at the end of the year, it reported Retained Earnings of $400,060. The company's net income for the year was:

A) $14,360. B) $19,080. C) $0. D) $9,640.

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