1. Intel reports retained earnings at the end of fiscal 2016 of $20,747M and retained earnings at the end of fiscal 2015 of $37,614M. The company reported dividends of $4,925M and other transactions with shareholders that reduced retained earnings during the year by $2,258M. How much net income did the firm report in fiscal 2016?

A) $3,133M net income C) $3,133M net loss

B) $10,316M net income D) $10,316M net loss