Downloadable eTextbook nment Exercise 104 Presented below are changes in the account balances of Wenn Company during the year, except for retained earnings Increase (Decrease) Increase (Decrease) Cash $29,130 Accounts payable Bonds payable $33,880 Accounts receivable (net) (18,040) (20,720) Inventory 51,830 Common stock 60,770 Plant assets (net) Paid-in capital 46,100 16,790 The only entries in Retained Earnings were for net income and a dividend declaration of $16,670. (a) Compute the net income for the current year Net income LINK TO TEXT Question Attempts