dont explain, just need final answer

The beginning balances of the shareholders' equity of Hanssen Incorporated for the year 20x7 are as Common shares, 1,000,000 shares S10103481 issued Retained earnings $1283207 During 20x7, David repurchased 60602 shares at $26.03. The net income for the year was $904136. What is the balance in retained earnings at December 31, 20x7 Select one: a. $1222164 b. $ 965179 c. $2187343 d. $318028 Check 5 The J&W Corporation's shareholders' equity as at December 31, 20x7 is as follows: mplete out of $40000 $15000 Common shares, 1137 shares outstanding Preferred shares, S5.10, cumulative, 188 shares outstanding Retained Earnings $64077 The preferred share dividends were last paid on December 31, 20x4. It is now December 1, 20x8 and management wants to pay a dividend of $3.50 per common share. The company's 20x8 ending Retained Earnings balance is $72450, and there were no transactions relating to the issuance or redemption of common shares throughout the year What was the company's net income for the year 20x8? Select one: a. $8373 b. $16188 c. $12352 O d. $15229 Check