Question 15 5 pts Revenues were $240,000, expenses were $180,000, and cash dividends were $35,000. What was the net income and the change in retained earnings for the period? Net income was $25,000; the change in retained earnings was $25,000 Net income was $60,000; the change in retained earnings was $60,000 Net income was $60,000; the change in retained earnings was $25,000 Net income was $25,000; the change in retained earnings was $60,000. O None of the above. your screen. Stop sharing Hide