Exercise 4-1 Presented below are changes in all the account balances of Stellar Furniture Co. during the current year, except for retained earnings. Increase (Decrease) Increase (Decrease) Cash $70,140 Accounts Payable $(52,210 ) Accounts Receivable (net) 52,900 Bonds Payable 82,530 Inventory 128,000 Common Stock 134,900 Investments (48,240 ) Paid-In Capital in Excess of ParCommon Stock 13,110 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 $28,270 which was paid in the current year. Net income $Entry field with incorrect answer