Ullrich Printing Inc.paid out $21, 750 of common dividends during the year.It ended the year with $187, 500 of retained earnings versus the prior year's retained earnings of $132, 250.How much net income did the firm earn during the year?
A) $77, 000
B) $80, 850
C) $84, 893
D) $89, 137
E) $93, 594
Correct Answer:
Verified
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