The following is the statement of stockholders' equity for Cloud Computer Service Company:

Cloud Computer Service Company
Statement of Stockholders' Equity
For the Year Ended December 31, 20Y8
	Common Stock	Retained Earnings	Totals
Balances, January 1, 20Y8	$50,000	$17,068	$67,068
Net income		???	???
Dividends		(5,000)	(5,000)
Balances, December 31, 20Y8	$50,000	$18,905	$68,905

Calculate the net income to complete the statement.

Answer rating: 100% (QA)

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