I need help figuring this out.. Can someone PLEASE explain? Based on the information in these two ledger accounts below, what was net income for the

Cash Dividends

Date                 Item                          Debit                    Credit                     Debit                  Credit

12/5                                                    1600                                                  1600

12/16                                                   2400                                                 4000

12/31                                                                              4000                          0

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