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Presented below are changes in all the account balances of Sheridan Furniture Co. during the current year, except for retained earnings. Compute the net income

image text in transcribed Presented below are changes in all the account balances of Sheridan Furniture Co. during the current year, except for retained earnings. Compute the net income for the current year, assuming that there were no entries in the Retained Earnings account except for net income and a dividend declaration of $24,570 which was paid in the current year. Net income

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