During the year, Bascom Bakery Inc.paid out $21,750 of common dividends.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

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The Answer of During the year, Bascom Bakery Inc.paid out $21,750 of common dividends.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

During the Year, Bascom Bakery Inc