Question 8 Presented below are changes in the account balances of Wenn Company during the year, except for retained earnings. Cash Accounts receivable (net) Inventory Plant assets (net) Increase (Decrease) $28,820 (17,450) 52,440 46,890 Accounts payable Bonds payable Common stock Paid-in capital Increase (Decrease) $34,970 (21,610) 61,220 16,720 The only entries in Retained Earnings were for net income and a dividend declaration of $17,180. (a) Compute the net income for the current year. Net income