Question: Question 14 (5 points) During the year, Bascom Bakery Inc. paid out $21,750 of common dividends. It ended the year with $187,500 of retained earnings

Question 14 (5 points) During the year, Bascom Bakery Inc. paid

Question 14 (5 points) During the year, Bascom Bakery Inc. paid out $21,750 of common dividends. It ended the year with $187,500 of retained earnings in the Balance Sheets versus the prior year's $132,250. How much net income did the firm earn during the year? $84,893 $93,594 $80,850 $89,137 $77,000

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