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During 2019 , Blossom Bakery Inc. paid out $24,500 of common dividends. It ended the year with $187,500 of retained earnings versus the prior year's

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During 2019 , Blossom Bakery Inc. paid out $24,500 of common dividends. It ended the year with $187,500 of retained earnings versus the prior year's retained earnings of $132,250. How much net income did the firm earn during the year? a. $87,500 b. $77,000 C. $84,893 d. $79,750

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