QUESTION 8 The following information was taken from the January financial statements of the Nerak Corporation. Assets, January 31 $1,000,000 Common Stock, January 31 $220,000 Dividends, January 1 through January 31 $65,000 $400,000 Expenses, January 1 through January 31 $530,000 Liabilities, January 31 Retained Earnings, January 31 $250,000 $640,000 Revenues, January 1 through January 31 Determine the net amount of the company's resources generated by management in January. a. $640,000 b. $175,000 c. $470,000 d. $240,000