Question
X Company reported the following balance sheet information for 2019: January 1 December 31 Total Assets...
X Company reported the following balance sheet information for 2019:
| January 1 | December 31 | |
| Total Assets | $15,377 | $18,447 |
| Liabilities | 6,343 | 5,439 |
| Paid-in Capital | 4,869 | 5,351 |
| Retained Earnings | 4,165 | 7,657 |
| Total Equities | $15,377 | $18,447 |
Assume that no dividends were paid in 2019. What was Net Income in 2019?
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