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A company reported the following asset and liability balances at the end of 2013 and 2014: 2013 2014 Total Assets $7,800,000 $8,600,000 Total Liabilities 3,900,000
| A company reported the following asset and liability balances at the end of 2013 and 2014: |
| 2013 | 2014 | |
| Total Assets | $7,800,000 | $8,600,000 |
| Total Liabilities | 3,900,000 | 4,400,000 |
| During 2014, cash dividends of $70,000 were declared and paid, and common stock was issued for $110,000. How much was the 2014 net income? |
a. $370,000.
b. $300,000.
c. $260,000.
d. $190,000.
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