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The changes in account balances for Allen Inc. for 2018 are as follows: Assets $285,000 debit Common stock 185,000 credit Liabilities 59,000 credit Paid-in capital-excess

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The changes in account balances for Allen Inc. for 2018 are as follows: Assets $285,000 debit Common stock 185,000 credit Liabilities 59,000 credit Paid-in capital-excess of par 26,000 credit Assuming the only changes in retained earnings in 2018 were for net income and a $37,000 dividend, what was net income for 2018? Multiple Choice $26,000 $52.000 $15,000 Assuming the only changes in retained earnings in 2018 were for net income and a $37,000 dividend, what was net income for 2018? Multiple Choice $26,000. $52,000. $15.000 $22.000

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