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A company reported the following asset and liability balances at the end of 2021 and 2022: 2021 2022 Total Assets $6,800,000 $7,600,000 Total Liabilities 3,200,000

A company reported the following asset and liability balances at the end of 2021 and 2022: 2021 2022 Total Assets $6,800,000 $7,600,000 Total Liabilities 3,200,000 3,600,000 During 2022, cash dividends of $50,000 were declared and paid, and common stock was issued for $100,000. What was the amount of net income for 2022? A. $400,000 . B. $480,000 . C. $350,000 . D. $300,000

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