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During 2015, Bascom Bakery paid out $33,525 of common dividends. It ended the year with $280,000 of retained earnings versus the prior year's retained eamings

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During 2015, Bascom Bakery paid out $33,525 of common dividends. It ended the year with $280,000 of retained earnings versus the prior year's retained eamings of $159,600. How much net income did the firm earn during the year? $153,925 $166,239 $149,307 $118,522 $121,601

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