Revenues were $149,000 style=”background-color:transparent;color:rgb(0,0,0);”>​, expenses were $ 144,000​, and cash dividends declared and paid were $2,000. What were the net income and the change in retained earnings for the​ period?A.Net income was
$5,000​; the change in retained earnings was
$3,000.B.Net income was $149,000​; the change in retained earnings was $147,000.
C.Net income was $5,000​; the change in retained earnings was
$5,000.D.Net income was $149,000​; the change in retained earnings was $7,000.

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