A company has retained earnings of $100,000 and $150,000 at the beginning and the end of the year respectively. The company paid dividends in the amount of $20,000. What was the company's net income? O $50,000 O $30,000 O $70,000 O $20,000

A company has retained eamings of $100,000 and $150,000 at the beginning and the end of the year respectively. The company paid dividends in the amount of $20,000. What was the company's net income