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The changes in account balances of the Hitchcock Corporation during 2015 are presented below: Increase Assets ............................................... $133,500 Liabilities .......................................... 40,500 Common Stock ......................................... 90,000
- The changes in account balances of the Hitchcock Corporation during 2015 are presented below:
| Increase |
Assets ............................................... | $133,500 |
Liabilities .......................................... | 40,500 |
Common Stock ......................................... | 90,000 |
Additional Paid-In Capital ........................... | 9,000 |
Assuming there are no changes in retained earnings except for net income and a dividend declaration of $19,500, the net income for 2015 should be
$_________________
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