Question: Current Attempt in Progress Presented below are changes in all the account balances of Sheridan Furniture Co . during the current year, except for retained

Current Attempt in Progress
Presented below are changes in all the account balances of Sheridan Furniture Co. during the current year, except for retained
earnings.
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 $24,570 which was paid in the current year.
Net income $
Current Attempt in Progress Presented below are changes in all the

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