Ullrich Printing Inc

question 74

Multiple Choice

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

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