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The following information was drawn from the accounting records of Wyckoff Company as of December 31, Year 2. before the temporary accounts had been closed.

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The following information was drawn from the accounting records of Wyckoff Company as of December 31, Year 2. before the temporary accounts had been closed. The Cash balance was $2670, and Notes Payable amounted to $20,450. The company had revenues of $3,830 and expenses of $2.460. The company's Land account had an $6,000 balance Dividends amounted to $300 There was $800 of common stock issued b. Assuming that Wyckoff's beginning balance (as of January 1. Year 2) in the Retained Earnings account was $3,100, determine its balance after the temporary accounts were closed at the end of Year 2 Ending retained camings c. What amount of net income would Wyckoff Company report on its Year 2 income statement? Not income

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