Question: URGENTLY!!! PLEASE SOLVE BASIC AND SIMPLE !!!! Presented below are the changes in the account balances Of Prada Company during the year, except for retained

URGENTLY!!! PLEASE SOLVE BASIC AND SIMPLE !!!! Presented below are the

URGENTLY!!! PLEASE SOLVE BASIC AND SIMPLE !!!!

Presented below are the changes in the account balances Of Prada Company during the year, except for retained earnings. Increase(Decrease) Plant Assets 37.000 Cash $29.000 Acc.Receiable(Net) (13.000) Bonds Payable (20.000) Common Stock 72.000- Notes Payable 34.000 Inventory 52.000- The only entries in Retained Earnings were for net income and a dividend decleration of $12.000. According to information given above, compute the net income for the current year. (Show all of your computations!)

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