The changes in account balances for Allen Inc. for 2013 are as follows: 
Assuming the only changes in retained earnings in 2013 were for net income and a $25,000 dividend, what was net income for 2013?
Definitions:
Rate of Interest
The percent of principal charged by the lender for the use of its money or the rate earned on invested capital.
Initial Investment
The upfront cash outlay required to start a project or investment.
Cash Inflows
Cash inflows refer to the money received by a business from its operational, financing, and investing activities.
IRR
A financial indicator known as the Internal Rate of Return is used in capital budgeting to assess the expected gains of future investments.
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