Sketchy Company provided the following very limited set of data. Use this information to determine net income
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Sketchy Company provided the following very limited set of data. Use this information to determine net income for the years ending December 31, 20X1, 20X2, 20X3, and 20X4. The company was formed at the beginning of January, 20X1 by issuing $100,000 of capital stock. No additional shares were issued during the 4-year period. The company’s 20X4 dividends were equal to 50% of the 20X4 net income.
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