Question: Please Provide the answers and Solution for this question. A. Presented below are changes (in thousands) in the account balances of Sha Company during the

Please Provide the answers and Solution for this question.

Please Provide the answers and Solution for this question. A. Presented below

A. Presented below are changes (in thousands) in the account balances of Sha Company during the year, except for retained earnings. Cash Accounts receivable (net) Inventory Plant assets (net) Increase (Decrease) $25,000 (13,000) 52,000 37,000 Accounts payable Bonds payable Share capital Share premium Increase (Decrease) $34,000 (20,000) 72,000 16,000 The only entries in Retained Earnings were for net income and a dividend declaration of $10,000. Required: Compute the net income for the current year

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