A company had retained earnings of $950,000 as of December 31, 2019, and $1,150,000 as of December 31, 2020. The company paid a dividend of $60,000 during 2020. The company also issued $260,000 of stock during 2020. What is the amount of net income that the company should report on its income statement for the year ended December 31, 2020? O $400,000 O $260,000 O $140,000 O($140,000)