A company had the following assets and liabilities at the beginning and end of the current year:

	Assets		Liabilities
Beginning of year	$	216,000	$	89,000
End of the year		247,000		75,400

Common stock in the amount of $ 16,000 was issued and dividends of $ 5,200 were paid during the year. What is the amount of net income for the year?

$44,600

$23,400

$55,400

$33,800