Use the Following Information for Questions

Multiple Choice

Use the following information for questions
Carla's Computer Repair Shop started the year with total assets of $360,000 and total liabilities of $240,000.During the year, the business recorded $600,000 in computer repair revenues, $340,000 in expenses, and the company paid dividends of $60,000.
-The net income reported by Carla's Computer Repair Shop for the year was

A) $200,000.
B) $260,000.
C) $120,000.
D) $540,000.