A company reported the following asset and liability balances at the end of 2018 and 2019: Total Assets Total Liabilities 2018 2019 $6,900,000 $7,700,000 3,270,000 3,680,000 During 2019, cash dividends of $52,000 were declared and paid, and common stock was issued for $101,000. What was the amount of net income for 2019? Multiple Choice $341,000 $289,000 Multiple Choice O $341,000 $289,000. $390,000 $442,000