Question: I need help solving this general accounting question with the proper methodology. Smith Company paid $800 in dividends and $450 in interest this past year.

I need help solving this general accounting question with the proper methodology.

Smith Company paid $800 in dividends and $450 in interest this past year. Common stock decreased by $200 and retained earnings increased by $350. What is the net income for the year? a. $600 b. $800 c. $1.150 d. $1,350

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