solve the following: The Perry Company was started by a group of investors...

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Accounting

solve the following:
The Perry Company was started by a group of investors on January 1,20X0, when the balance sheet was made up of total assets of $10,000 and total liabilities of $4,000. Partial financial data for the first year of operations is as follows: Total assets at 12/31/X0= $24,000; Total liabilities at
12/31/X0= $9,000; Additional investments by owners during XO = $4,000; Cash dividends declared = $2,000. Cash dividends paid = $1,500. What
was the net income for XO?
$6,000
$10,000
$9,000
$7,000
$8,000

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