Everglade Technologies Inc. reported the following asset and liability balances at the end of 2021 and 2022: Year Total Assets Total Liabilities 2021 $4,800,000 $2,600,000 2022 $5,400,000 $2,900,000 During 2022: • . Cash dividends of $35,000 were declared and paid Common stock was issued for $120,000 How much was the net income for 2022?

Everglade Technologies Inc. reported the following asset and liability balances at the end of 2021 and 2022: Year Total Assets Total Liabilities 2021 $4,800,000 $2,600,000 2022 $5,400,000 $2,900,000 During 2022: • . Cash dividends of $35,000 were declared and paid Common stock was issued for $120,000 How much was the net income for 2022?

Fundamentals Of Financial Management, Concise Edition (mindtap Course List)

10th Edition

ISBN:9781337902571

Author:Eugene F. Brigham, Joel F. Houston

Publisher:Eugene F. Brigham, Joel F. Houston

Chapter3: Financial Statements, Cash Flow, And Taxes

Section: Chapter Questions

Problem 19SP

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