During 2015,Bascom Bakery paid out $33,525 of common dividends.It ended the year with $260,000 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) $123,211
B) $154,014
C) $156,692
D) $133,925
E) $107,140
Correct Answer:
Verified
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