A company reported the following asset and liability balances at the end of 2015 and 2016:

	2015			2016
Total Assets	$	6,700,000		$	7,500,000
Total Liabilities		3,830,000			4,320,000

During 2016, cash dividends of $72,000 were declared and paid, and common stock was issued for $99,000. What was the amount of net income for 2016?

$382,000.

$211,000.

$283,000.

$310,000.