During 2014,Bascom Bakery paid out $33,525 of common dividends.It ended the year with $197,500 of retained earnings versus the prior year's retained earnings of $159,600.How much net income did the firm earn during the year?
A) $71,425
B) $74,996
C) $78,746
D) $82,683
E) $86,818
Correct Answer:
Verified
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