A company started the year with the following: Assets $102,000: Liabilities $32,000; Common Stock $62,000; Retained Earnings $8,000. During the year, the company earned revenue of $5,200. all of which was received in cash, and incurred expenses of $3,100, all of which were unpaid as of the end of the year. In addition, the company paid dividends of $1,200 to owners. Assume no other activities occurred during the year. What was the amount of net income for the year? $5,200 S1.200 $2,100 $3,100