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Beginning stockholders' equity was $120,000.Ending stockholders' equity was $195,000.Additional issuances of capital stock during the year amounted...
1. Beginning stockholders' equity was $120,000. Ending stockholders' equity was $195,000. Additional issuances of capital stock during the year amounted to $18,000. Dividends during the year amounted to $12,000. How much was net income for the year?