Ullrich Printing Inc. paid out $20,850 of common dividends during the year. It ended the year with $199,500 of retained earnings versus the prior year's retained earnings of $138,850. How much net...

Ullrich Printing Inc. paid out $20,850 of common dividends during the year. It ended the year with $199,500 of retained earnings versus the prior year's retained earnings of $138,850. How much net income did the firm earn during the year?

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