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Seitz Trucking's retained earnings increased $20,000 during the current year. What was Seitz Trucking's current year net income or loss given that Seitz Trucking declared $25,000 of dividends during this year?A) Net loss was $5,000.B) Net loss was $45,000.C) Net income was $45,000.D) Net income was $5,000.
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