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The changes in account balances of the Rickton Corporation during 2020 are presented below: Assets $248,745...

The changes in account balances of the Rickton Corporation during 2020 are presented below:

Assets $248,745 Increase

Liabilities $95,161 Decrease

Capital stock $153,179 Increase

Additional paid-in capital $44,025 Increase

The only charge to retained earnings was for a dividend payment of $35,745.

Calculate net income for 2020.

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