The balance sheets of HR, Inc. reports total stockholders' equity of $500,000 and $650,000 at the beginning and end of the year, respectively. The return on equity for the year is 20%.  What is HR's net income for the year? Select one: a. $2,875,000 b. $250,000 c. $130,000 d. $115,000 e. $100,000

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A:

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