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

	Assets	Liabilities
Beginning of year	$ 220,000	$ 91,000
End of the year	251,000	76,200

Common stock in the amount of $18,000 was issued and dividends of $5,600 were paid during the year. What is the amount of net income for the year?

A company had the following assets and liabilities at the beginning and end of the current year: Beginning of year End of the year Assets $ 220,000 251,000 Liabilities $ 91,000 76,200 Common stock in the amount of $18,000 was issued and dividends of $5,600 were paid during the year. What is the amount of net income for the year? Multiple Choice O $22,200 $33.400 O $45,800 O O $58,200