Question: 6 . The Able Co . reported the following data for calendar year 2 0 1 8 : Liabilities, December 3 1 , 2 0

6. The Able Co. reported the following data for calendar year 2018:
Liabilities, December 31,201835,000
Assets, December 31,201890,000
Dividends distributed during 20185,000
Liabilities, December 31,201725,000
Assets, December 31,201770,000
Assuming no capital stock was issued in 2018, Able's net income was ?????

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