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The following are all changes in the account balances of Monty Ltd. during the current year, except for Retained Earnings: Cash Accounts receivable (net) Inventory

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The following are all changes in the account balances of Monty Ltd. during the current year, except for Retained Earnings: Cash Accounts receivable (net) Inventory Investments in FV-NI securities Increase (Decrease) $90,000 75,000 167,000 (28,000) Accounts payable Unearned revenue Bonds payable Common shares Contributed surplus Increase (Decrease ) $(80,300) 25,000 85,100 130,000 79,300 - Calculate the net income for the current year, assuming that there were no entries in the Retained Earnings account except for income and a dividend declaration of $21.300, which was paid in the current year. Net income for the current year

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