Presented below are changes in all the account balances of Fritz Reiner Furniture Co. during the current year, except for retained earnings.

Instructions
Compute the net income for the current year, assuming that there were no entries in the Retained Earnings account except for net income and a dividend declaration of $19,000 which was paid in the currentyear.

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Cash Accounts Receivable (net Inventory Investments Increase Decrease) $ 79,000 Increase Decrease) $(51,000) 2.000 125.000 13,000 45,000 127,000 (47,000 Additional Paid-in Capital Accounts Payable Bonds Payable Common Stock