Waterway Industries began the year by issuing $113000 of common stock for cash. The company...
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Accounting
Waterway Industries began the year by issuing $113000 of common stock for cash. The company recorded revenues of $1109000, expenses of $973000, and paid dividends of $58000. What was Waterway's net income for the year?
A. $78000
B. $136000
C. $191000
D. $249000
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