Question: Saved Help Save & Ext tosch Company's balance sheet reported assets of $127,000, liabilities of $32,000 and common stock of $29,000 as of December 31

Saved Help Save & Ext tosch Company's balance sheet reported assets of $127,000, liabilities of $32,000 and common stock of $29,000 as of December 31 Year 1. Retained arnings on the December 31, Year 2 balance sheet is $86,000 and Stosch paid a $31000 dividend during Year 2. What is the amount of net income for "ear 2? Multiple Choice 551000 $31000 Next >

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