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Question Eight: How much net income did the firm earn during the year? Ullrich Printing Inc. paid out $21,750 of common dividends during the year.

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Question Eight: How much net income did the firm earn during the year?

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Ullrich Printing Inc. paid out $21,750 of common dividends during the year. It ended the year with $192,500 of retained earnings versus the prior year's retained earnings of $132,250. How much net income did the firm earn during the year? Select the correct answer. a. $82,069 b. $82,138 c. $82,276 d. $82,000 e. $82,207

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