Revenues were $180,000, expenses were $165,000, and cash dividends declared and paid were $2,000. What were the net income and the change in retained earnings for the period? Net income was $15,000; the change in retained earnings was $13,000. Net income was $15,000; the change in retained earnings was $17,000. Net income was $180,000; the change in retained earnings was $178,000. Net income was $15,000; the change in retained earnings was $15,000