Energy Corporation, a U

Multiple Choice

Energy Corporation, a U.S.diversified power management company, reported a balance in Retained Earnings of $2,800 million at the beginning of 2013 and $3,300 million at the end of 2013.Based on Energy Corporation's financial reports for fiscal 2013, it reported dividends declared and paid of $250 million for 2013.Compute the amount of net income for 2013.(Energy Corporation applies U.S.GAAP, and reports its results in millions of U.S.dollars.)

A) -$250 million
B) $250 million
C) $550 million
D) $750 million
E) none of the above