The following facts pertain to Alameda Corporation for 20x5: Retained Earnings balance, January 1, 20x5 $500,000 Cash dividends declared and paid in 20x5 82,500 Retained Earnings balance (after closing), December 31, 20x5 650,000 Net income for 20x5 ? Based on the above facts, net income for 20x5 for Alameda Corporation amounted to

A) $207,500.
B) $182,500.
C) $232,500.
D) $257,500.


C

Business

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