Balance sheet reported assets

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Reference no: EM131138145

Vandever Company's balance sheet reported assets of $92,000, liabilities of $25,000 and common stock of $22,000 as of December 31, 2012. If Retained Earnings on the December 31, 2013 balance sheet is $58,000 and Vandever paid a $24,000 dividend during 2013, then the amount of net income for 2013 was which of the following?

Reference no: EM131138145

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