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Your firm paid $10,000 in dividends and incurred $3,200 in depreciation this past year. Common stock remained unchanged at $15,000 and retained earnings increased by

Your firm paid $10,000 in dividends and incurred $3,200 in depreciation this past year. Common stock remained unchanged at $15,000 and retained earnings increased by $2,000. What is the net income for the year?

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