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Business, 22.02.2021 19:10 pacetys

Stosch Company's balance sheet reported assets of $117,000, liabilities of $30,000 and common stock of $27,000 as of December 31, Year 1. If Retained Earnings on the balance sheet as of December 31, Year 2, amount to $78,000 and Stosch paid a $29,000 dividend during Year 2, then the amount of net income for Year 2 was which of the following? a. $47,000
b. $60,000 $
c. 29,000
d. $18,000

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Stosch Company's balance sheet reported assets of $117,000, liabilities of $30,000 and common stock...
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