Beginning Assets Were $437,600,beginning Liabilities Were $262,560,common Stock Issued During $$350,000
What Is Net Income for the Year?
A) $700,160

Multiple Choice

Beginning assets were $437,600,beginning liabilities were $262,560,common stock issued during the year totaled $45,000,revenue for the year was $414,250,expenses for the year were $280,000,dividends declared was $22,700,and ending liabilities is $$350,000.
What is net income for the year?

A) $700,160
B) $331,590
C) $134,250
D) $612,560
E) $175,040