(Answered) On december 10 2016 jennings inc paid out total dividends

Management Studies

On December 10, 2016, Jennings, Inc. paid out total dividends of $526,400 (this was the only dividend payment made during the year). If Jennings reported Retained earnings of $2,168,500 for 2015 and Retained earnings of $2,830,200 for 2016, what was Jennings reported net income in 2016?

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