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The changes in account balances for Allen incorporated for 2024 are as follows: Assuming the only changes in retained earnings in 2024 were for net

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The changes in account balances for Allen incorporated for 2024 are as follows: Assuming the only changes in retained earnings in 2024 were for net income and a $25,000 dividend, what was net income for 2024? Multiple Choice 515,000 55.000 $30,000 $20,000

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