On December 31, 2014, The Bradshaw Corporation Had $485,000 As An Ending Balance

On December 31, 2014, the Bradshaw Corporation had $485,000 as an ending balance for its retained earnings account. During 2015, the corporation declared a $3. 50/share dividend to its stockholders. The Bradshaw Corporation has $35,000 shares of common stock outstanding. When the books were closed for 2015 year end, the corporation had a final retained earnings balance of $565,000. Calculate the net profit earned by Bradshaw Corporation during 2015.