Suppose you are looking at the income statement of a company for the year 2021. You notice that its net income for that year was $115,431. In addition, and for that same year, the company paid shareholders $57,715 in dividends. Given this information, the Addition to Retained Earnings is closest to which value?
A. $173,146
B. The addition to retained earnings is equivalent to whatever the liabilities were for that year.
C. $57,715
D. The addition to retained earnings is equivalent to whatever the depreciation was for that year.
E. The addition to retained earnings is equivalent to whatever the assets were for that year.
