Exercise 104 Presented below are changes in the account balances of Wenn Company during the year, except for retained earnings. Cash Accounts receivable (net) Inventory Plant assets (net) Increase (Decrease) $29,920 (18,750) 52,650 46,990 Accounts payable Bonds payable Common stock Paid-in capital Increase (Decrease) $34,730 (20,920) 62,330 16,880 The only entries in Retained Earnings were for net income and a dividend declaration of $17,820. (a) Compute the net income for the current year. Net incomes