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What was the company net income

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Question - Below is selected information from the balance sheet of Keyboard Inc. as of December 2018:

Common Stock, $ 800,000 ($2 par)

Paid- In Capital in Excess of Par Value- Common, $400,000

Retained Earnings Balance on January 1 2018, $500,000

Retained Earnings Balance on December 31, 2018 $630,000

Dividends declared and paid in 2018 $100,000

Required - What was the company's net income for 2018?

Reference no: EM132573101

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