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How much was net income

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Question - Heedy Company had the following account balances in 2010 and 2011, respectively. Assuming dividends of $20,000 were paid in 2011, how much was net income?

 

2011

2010

Capital Stock

$42,000

$40,000

Retained Earnings

x

210,000

Total Stockholders' Equity

$314,000

$250,000

a. $62,000

b. $82,000

c. $272,000

d. $252,000

Reference no: EM132071259

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