Ivan's, Incorporated, paid

$500

in dividends and

$595

in interest this past year. Common stock increased by

$205

and retained earnings decreased by

$131

. What is the net income for the year?\ a.

$964

\ b.

$800

\ c.

$595

\ d.

$369

\ e.

$500

Ivan's, Incorporated, paid $500 in dividends and $595 in interest this past year. Common stock increased by $205 and retained earnings decreased by $131. What is the net income for the year? a. $964 b. $800 C. $595 d. $369 e. $500