Crystal Lodging recorded $330,000 in revenues, $247,500 in expenses, and $45,000 of dividends for the year. The company began the year with total assets of $285,000 and stockholder's equity of $130,500. What net income (loss) was reported by Crystal Lodging for the year?
A. $49,500
B. $94,500
C. $37,500
D. $82,500
Answer: D
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