Heedy Company had the following account balances in 2011 and 2012, respectively. Assuming dividends of $20,000 were paid in 2012, how much was net income? $\begin{array}{|l|l|l|}
\hline 2011 & 2012 & \
\hline \$ 40,000 & \$ 42,000 & \text { Capital Stock } \
\hline 210,000 & x & \text { Retained Earnings } \
\hline \$ 250,000 & \$ 314,000 & \text { Total Stockholders' 'Equity } \
\hline & & \
\hline
\end{array}$

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The Answer of Heedy Company had the following account balances in 2011 and 2012, respectively. Assuming dividends of $20,000 were paid in 2012, how much was net income? $\begin{array}{|l|l|l|}
\hline 2011 & 2012 & \
\hline \$ 40,000 & \$ 42,000 & \text { Capital Stock } \
\hline 210,000 & x & \text { Retained Earnings } \
\hline \$ 250,000 & \$ 314,000 & \text { Total Stockholders' 'Equity } \
\hline & & \
\hline
\end{array}$

Heedy Company Had the Following Account Balances in 2011 and 2012