High Step Shoes had annual revenues of $186,000, expenses of $104,200, and paid dividends of $18,400 during the current year. The retained earnings account before closing had a balance of $298,000. The Net Income for the year is:
A. $81,800
B. $361,400
C. $186,000
D. $63,400
E. $379,800
Answer: A
Business
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