(Answered) Question - heedy company had the following account balances

Accounting

Question - Heedy Company had the following account balances in 2010 and 2011, respectively. Assuming dividends of $20,000 were paid in 2011, how much was net income?

	2011	2010
Capital Stock	$42,000	$40,000
Retained Earnings	x	210,000
Total Stockholders' Equity	$314,000	$250,000

a. $62,000

b. $82,000

c. $272,000

d. $252,000

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