Assume that as of the end of its accounting period, December 31, Year 1, Company A has assets of $940,000 and liabilities of $300,000. During Year 2, stockholders invested an additional $73,000 and received $33,000 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 $995,000, and liabilities were $270,000?

None of these answers are correct

$370,000

$50,000

$106,000

$45,000