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Selected numbers of Shannon Company at the end of years 2018 and 2019 are given in the below: Dec. 31, Dec. 31, 2018 2019 Common

Selected numbers of Shannon Company at the end of years 2018 and 2019 are given in the below: Dec. 31, Dec. 31, 2018 2019 Common stock, 1000 1,000 $4 par Retained earnings 550 1,200 Dividends paid 2,800 3,500 Compute the amount of net income for 2019? Example of Answer: 4000 (No comma, space, decimal point, or $ sign)

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