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X Company reported the following balance sheet information for 2019: X Company reported the following balance sheet information for 2019: January 1 $15,925 December 31

image text in transcribedX Company reported the following balance sheet information for 2019:

X Company reported the following balance sheet information for 2019: January 1 $15,925 December 31 $19,775 Total Assets Liabilities Paid-in Capital Retained Earnings Total Equities 7,592 4,604 3,729 $15,925 5,327 6,978 7,470 $19,775 Assume that no dividends were paid in 2019. What was Net Income in 2019

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