Total assets for KPM Corp.  at the beginning of the month we…

Total assets for KPM Corp.  at the beginning of the month were $170,000 and $180,000 at the end of the month.  Total liabilities were $115,000 and $130,000 at the beginning and end of the month.  No additional capital stock was issued during the month but dividends of $6,000 were declared.  Net income for the month is:   Please make sure to enter your answer in the correct format. Review the formatting guidance in the instructions to this exam if necessary.