Question: please help, if dont know it, DO NOT do it. Carter Company began the year by issuing $20,000 of common stock for cash. The company

please help, if dont know it, DO NOT do it.

Carter Company began the year by issuing $20,000 of common stock for cash. The company recorded revenues of $205,000, expenses of $160,000, and paid dividends of $10,000. What was Carter's net income for the year? 1) $45,000 2) $25,000 3) $35,000 4) $15,000

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