Question: Using the January 1 and December 31, 2007, data given in Question 10, answer the following question. If Milliken paid $22,500 of dividends during 2007,

Using the January 1 and December 31, 2007, data given in Question 10, answer the following question. If Milliken paid $22,500 of dividends during 2007, what was the amount of net income for 2007?

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