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A company reported the following asset and liability balances at the end of 2021 and 2022: Total Assets Total Liabilities 2021 $6,100,000 3,410,000 2022
A company reported the following asset and liability balances at the end of 2021 and 2022: Total Assets Total Liabilities 2021 $6,100,000 3,410,000 2022 $6,900,000 3,840,000 During 2022, cash dividends of $84,000 were declared and paid, and common stock was issued for $93,000. What was the amount of net income for 2022? Multiple Choice $277,000. $454,000. $361,000. $370,000.
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