Question: THIS QUESTION IS NOT REQUIRED. IT IS EXTRA CREDIT. (POTENTIAL +5 POINTS) Given the information below, what is the net income for 2012 if the

THIS QUESTION IS NOT REQUIRED. IT IS EXTRA CREDIT. (POTENTIAL +5

THIS QUESTION IS NOT REQUIRED. IT IS EXTRA CREDIT. (POTENTIAL +5 POINTS) Given the information below, what is the net income for 2012 if the company declared and paid a $50,000 dividend? Balance Sheet 12/31/2011 12/31/2012 Assets S 928,000 $ 987,000 Liabilities 354.000 383,000 Common Stock 400.000 410,000 Additional Paid In Capital 52,000 60,000

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