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Stosch Company's balance sheet reported assets of $112,000, liabilities of $29,000 and common stock of $26,000 as of December 31, Year 1 Retained Earnings on

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Stosch Company's balance sheet reported assets of $112,000, liabilities of $29,000 and common stock of $26,000 as of December 31, Year 1 Retained Earnings on the December 31, Year 2 balance sheet is $74,000 and Stosch paid a $28,000 dividend during Year 2. What is the amount of net income for Year 2? $57000 $45.000 S28.000 Prev 10, 50 Next> MacBook Air

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