During the year, Decker Corporation reported Net income of $1,448

During the year, Decker Corporation reported Net income of $1,448.0 million and paid dividends of $496.4 million. Which of the following describes how these transactions would affect Decker's equity accounts? (in millions)

Select one:

a. Increase earned capital by $951.6

b. Increase contributed capital by $1,448.0 and decrease earned capital by $496.4

c. Decrease contributed capital by $496.4 and increase earned capital by $1,448.0

d. Increase contributed capital by $951.6

e. None of the above