At the end of last year, a firm had aRetained Earningsbalance of $250,000. At the beginning of that year, their retained earnings balance was $175,000. If they paid a dividend of $25,000 during the year,How much was net income for the year?

Group of answer choices

$0.

$25,000

$50,000

$75,000

$100,000

$125,000

Cannot tell from the information given.