A Company Reported the Following Asset and Liability Balances at the End

Multiple Choice

A company reported the following asset and liability balances at the end of 2015 and 2016: During 2016, cash dividends of $50,000 were declared and paid, and common stock was issued for $100,000. What was the amount of net income for 2016?

A) $400,000.
B) $480,000.
C) $350,000.
D) $300,000.