Question One 30 points) Presented below are changes in thousands) in the account balances of Wenn Company during the year, except for retained earnings. Increase Increase (Decrease) (Decrease) Cash Y25,000 Accounts payable Y34,000 Accounts receivable (net) (13,000) Bonds payable (20,000) Inventory 52,000 Share capital 72.000 Plant assets (net) 37.000 Share premium 16,000 The only entries in Retained Earnings were for net income and a dividend declaration of $10,000. Compute the net income for the current year