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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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