Beginning assets were $442,600, beginning liabilities were $264,56

MC Qu. 162 Beginning assets were...

Beginning assets were $442,600, beginning liabilities were $264,560, common stock issued during the year totaled $47,000, revenue for the year was $418,250, expenses for the year were $282,000, dividends declared was $24,700, and ending liabilities is $$355,000.What is net income for the year?

	$336,590
	$619,560
	$178,040
	$136,250
	$707,160

418,250 – 282,000 = 136,250