As of December 31, 2015, Lincolnshire Company had assets of $1,850,000 and liabilities of $570,000.During 2016, the stockholders invested an additional $100,000 and paid dividends of $60,000 from the business.

What is the net income for the company during 2016, assuming that as of December 31, 2016, assets were $1,960,000, and liabilities were $510,000?