Question: Please help and show work Exercise 4-01 Presented below are changes in all the account balances of Wildhorse Furniture Co. during the current year, excep

Exercise 4-01 Presented below are changes in all the account balances of Wildhorse Furniture Co. during the current year, excep Increase Increase (Decrease) (Decrease) Cash $71,190 Accounts Payable $(52,460) Accounts Receivable (net) 48,200 Bonds Payable 82,370 Inventory 129,800 Common Stock 134,400 Investments (48,900) Paid-In Capital in Excess of Par-Common Stock 15,280 Compute the net income for the current year, assuming that there were no entries in the Retained Earnings accour was paid in the current year. Net income Click if you would like to Show Work for this question: Open Show. Work Questi for retained earnings. t except for net income and a dividend declaration of $24,750 which
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