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Bluestone, Inc had retained earnings balance of $352,000 and $397,500 in 2014 and 2015, respectively. The company paid common stock dividends of $20,000 in 2015.

Bluestone, Inc had retained earnings balance of $352,000 and $397,500 in 2014 and 2015, respectively. The company paid common stock dividends of $20,000 in 2015. What was Bluestone's net income for 2015?

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