【单选题】Revenues were $210,000, expenses were $140,000, and cash dividends were $45,000. What was the net income and the change in retained earnings for the period?
A.
Net income was $70,000; the change in retained earnings was $70,000.
B.
Net income was $25,000; the change in retained earnings was $45,000.
C.
Net income was $70,000; the change in retained earnings was $25,000.
D.
Net income was $45,000; the change in retained earnings was $45,000.