Question: can I get help step by step how do calculate this problem 1. The changes in account balances for Elder Company for 2018 are as

can I get help step by step how do calculate this problem
can I get help step by step how do calculate this problem

1. The changes in account balances for Elder Company for 2018 are as follows: Assuming the only changes in retained earnings in 2018 were for net income and a $50,000 dividend, what was net income for 2018 ? A) $140,000. B) $150,000. (C) $160,000. D) $170,000

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