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What was capstone net income

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Reference no: EM132722217

Capstone Corp. reported $150,000 of comprehensive income for 2014. It also reported the following:

Beginning retained earnings $300,000
Income tax expense $60,000
Ending retained earnings $320,000
Cash dividends declared $80,000
Other comprehensive income $50,000

Problem 1: What was Capstone's net income for 2014?

A. $100,000

B. $40,000

C. $140,000

D. $120,000

Reference no: EM132722217

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