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Salt Co. had a balance in retained earnings of $38,750 at the end of 2016. During 2017, the company declared $21,000 of dividends and paid

Salt Co. had a balance in retained earnings of $38,750 at the end of 2016. During 2017, the company declared $21,000 of dividends and paid $14,250 of previously declared (2016) dividends. If the company had retained earnings of $45,900 after closing the accounting records for 2017, then how much net income did Salt Co. generate in 2017?

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