ABC Company is a merchandising business. In Year 3, the business experienced the following events: 1. Purchased inventory for $680 cash. 2. Sold inventory costing $470 for $790. 3. Incurred $230 of selling and administrative expenses. 4. Paid a $20 dividend to stockholders. What is ABC Company's Net Income for Year 3? $540 $90 $560 $320