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Ullrich Printing Inc. paid out $3,823 of common dividends during the year. It ended the year with $6,587 of retained earnings versus the prior year's

Ullrich Printing Inc. paid out $3,823 of common dividends during the year. It ended the year with $6,587 of retained earnings versus the prior year's retained earnings of $5,423. How much net income did the firm earn during the year?

(Round your answer to 2 decimal places.)

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