Xcompany's retained earnings increased $20,000 during 2014. what was 2014 net income or loss given that x declared $25,000 of dividends during 2014? a. net loss was $5,000. b. net loss was $45,000. c. net income was $45,000. d. net income was $5,000.

On april 1, santa fe, inc. paid griffith publishing company $2,448 for 36-month subscriptions to several different magazines. santa fe debited the prepayment to a prepaid subscriptions account, and the subscriptions started immediately. what amount should appear in the prepaid subscription account for santa fe, inc. after adjustments on december 31 of the first year assuming the company is using a calendar-year reporting period and no previous adjustment has been made?