A company began operations at the start of 2015. During the year, it made cash sales of $150,000 and credit sales totaling $500,000. $420,000 in cash from these credit sales was collected during the year. The company purchased land for $60,000 for a new location. Expenses totaled $339,000, of which $300,000 was paid in cash. Dividends of $10,000 were paid to stockholders. What was net income for 2015?

A.	$311,000
	B.	$270,000
	C.	$301,000
	D.	$350,000
	E.	None of the above.