(Answered) A company reports a retained earnings balance of 3000 for

Management Studies

A company reports a retained earnings balance of $3,000 for 2009. In 2008 the balance was $2,500. Between those years they paid $100 in preferrred stock dividends and $200 in common dividends. Given that information, what must have been their net income for 2009?

a. $200

b. $300

c. $600

d. $800

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