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Information related to the Berkley Company for the calendar year 2015 follows: Liabilities, December 31, 2015 $400 Assets. December 31, 2015 700 Dividends distributed during

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Information related to the Berkley Company for the calendar year 2015 follows: Liabilities, December 31, 2015 $400 Assets. December 31, 2015 700 Dividends distributed during 2015 90 Liabilities, December 31, 2014 250 Assets, December 31, 2014 350 Assuming no capital stock was issued during 2015, the net income eamed by the Berkley Company during 2015 was a $ 200 b. $ 110 c. $ 260 d. $ 290

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