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The following are all changes in the account balances of Sheffield Ltd. during the current year, except for Retained Earnings: Calculate the net income for

image text in transcribed The following are all changes in the account balances of Sheffield Ltd. during the current year, except for Retained Earnings: Calculate the net income for the current year, assuming that there were no entries in the Retained Earnings account except for net income and a dividend declaration of $17,300, which was paid in the current year. Net income for the current year

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