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  3. a company reported the following asset and liabili

A company reported the following asset and liability balances at the end of 2018 and...

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Accounting

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A company reported the following asset and liability balances at the end of 2018 and 2019: 2018 Total Assets Total Liabilities $7,100,000 3,410,000 2019 $7,900,000 3,840,000 During 2019, cash dividends of $56,000 were declared and paid, and common stock was issued for $103,000. What was the amount of net income for 2019? Multiple Choice O $426,000 O $267.000 Multiple Choice $426,000. $267,000. | o o oo $323,000. $370,000

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