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XYZ Company ended the year with $ 3 3 , 0 0 0 of retained earnings versus the prior year's retained earnings of $ 2

XYZ Company ended the year with $

33, 000

of retained earnings versus the prior year's retained earnings of $

27, 500 .

2023,

it paid out $

23, 000

in common dividends. How much net income did the firm earn during the year?

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