Dividends and retained earnings

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Reference no: EM131448605

Jensen Enterprises paid $470 in dividends and $635 in interest this past year. Common stock increased by $185 and retained earnings decreased by $100. What is the net income for the year? (note: remember that NI = dividends + retained earnings.)

$370

$470

$635

$820

$1,005

Reference no: EM131448605

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