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The ending retained earnings balance of Boomer Inc. decreased by $1.0 million from the beginning of the year. The company declared a dividend of $5.9

The ending retained earnings balance of Boomer Inc. decreased by $1.0 million from the beginning of the year. The company declared a dividend of $5.9 million during the year. What was the net income earned during the year?

$4.9 million$6.9 million$2.8 million$1.0 million

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