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LCO:3 Silverstone Corporation distributed $25,000 in dividends and had an ending retained earnings of $450,000, what was the net income if beginning retained earnings was

LCO:3 Silverstone Corporation distributed $25,000 in dividends and had an ending retained earnings of $450,000, what was the net income if beginning retained earnings was $350,000

  1. $75,000
  2. $775,000
  3. $100,000
  4. $125,000

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