Question: The changes in account balances for Elder Company for 2018 are as follows: $489,000 debit Assets 240,000 credit 145,000 credit Common stock Liabilities 24,000 credit

 The changes in account balances for Elder Company for 2018 are
as follows: $489,000 debit Assets 240,000 credit 145,000 credit Common stock Liabilities

The changes in account balances for Elder Company for 2018 are as follows: $489,000 debit Assets 240,000 credit 145,000 credit Common stock Liabilities 24,000 credit Paid-in capital-excess of par Assuming the only changes in retained earnings in 2018 were for net income and a $57,000 dividend, what was net income for 2018? Multiple Choice $137,000. $104,000 $139,000. Drov 37 of 76 Nevt Assuming the only changes in retained earnings in 2018 were for net income and a $57,000 dividend, what was net income for 2018? Multiple Choice $137,000 $104,000. $139,000 $80,000

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