Question: Below are the net changes for the year in all of a companys balance sheet accounts, except for retained earnings. Accounts payable 5,000 in crease

Below are the net changes for the year in all of a companys balance sheet accounts, except for retained earnings.

Accounts payable 5,000 increase
Accounts receivable 50,000 decrease
Additional paid-in capital 5,000 increase
Cash 80,000 increase
Common stock 10,000 increase
Equipment 10,000 decrease
Inventory 20,000 increase
Long-term liabilities 15,000 decrease
Salaries payable 3,000 decrease

If the company paid $2,000 in dividends for the year, what is net income?

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