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On December 31, 2016, the balance in retained earnings is $20,000. On December 31, 2017, the balance in retained earnings is $19,100. During 2017, dividends

On December 31, 2016, the balance in retained earnings is $20,000. On December 31, 2017, the balance in retained earnings is $19,100. During 2017, dividends of $4,000 were declared and paid. What is the amount of net income for 2017? a) 900 b) 4900 c) 3100 d) (900) C? 19,100 + 4000 - 20,000 = 3100 ?

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