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As of the end of its accounting period, December 31 , Year 1 , Great Plains Company has assets of $908,256 and liabilities of $272,424.

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As of the end of its accounting period, December 31 , Year 1 , Great Plains Company has assets of $908,256 and liabilities of $272,424. During Year 2 , stockholders invested an additional $28,916 and received $25,318 in dividends from the business. What is the amount of net income during Year 2, assuming that as of December 31, Year 2, assets were $984,244 and liabilities were $237,703

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