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Show the Work for question 17 17. Your Company had a Retained Earnings balance of $100,000 on January 1, 2016 and a Retained Earnings balance

Show the Work for question 17

17. Your Company had a Retained Earnings balance of $100,000 on January 1, 2016 and a Retained Earnings balance of $200,000 on December 31, 2016. During the year you declared a dividend of $30,000. How much was your Net Income for 2016

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