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The changes in account balances for Allen Inc for 2021 are as follows: Assets Common stock Liabilities Paid in capital-excess of par $235,000 debit 135,999

The changes in account balances for Allen Inc for 2021 are as follows: Assets Common stock Liabilities Paid in capital-excess of par $235,000 debit 135,999 credit 76,000 credit 17,000 credit Assuming the only changes in retained earnings in 2021 were for net income and a $29,000 dividend, what was net income for 2021? Multiple Choice $17.000 522000

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