Heedy Company Had the Following Account Balances in 2016 and 2017

Multiple Choice

Heedy Company had the following account balances in 2016 and 2017, respectively.Assuming dividends of $20,000 were paid in 2017, how much was net income? $\begin{array}{lrr} & \mathbf{2 0 1 7} & \underline{\mathbf{2 0 1 6}} \\\text { Capital Stock } & \$ 42,000 & \$ 40,000 \\\text { Retained Earnings }& x & 210,000 \\\text { Total Stockholders' Equity } & \$ 314,000 & \$ 250,000 \\\end{array}$

A) $62,000
B) $82,000
C) $272,000
D) $252,000