A company reported the following asset and liability balances at the end of 2018 and 2019: Total Assets Total Liabilities 2018 2019 $6,400,000 $7,200,000 3,620,000 4,080,000 During 2019, cash dividends of $78,000 were declared and paid, and common stock was issued for $96,000. TAIL nin During 2019, cash dividends of $78,000 were declared and paid, and common stock was issued for $96,000. What was the amount of net income for 2019? Multiple Choice $244,000. $340,000. $322,000. $418,000