a company started the year with the following: Assets 131,000 dollar; Liabilities 44,000 dollar; Common Stock 74,000 dollar; Retained earnings 13,000 dollar. During the year, the company earned revenues of 7,752 dollar, all of which was received in cash, and incurred expenses of 2,987 dollar, all of which were unpaid as of the end of the year. In addition, the company paid dividends of 1,454 dollar to owners. Assume no other activities occured during the year. What was the amount of the company's net income for the year