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Question
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
Answer
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