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At December 31, Year 1. Sea the World Cruises, Inc.'s assets were $60,000 and liabilities were $40,000. At December 31 , Year 2 , its

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At December 31, Year 1. Sea the World Cruises, Inc.'s assets were $60,000 and liabilities were $40,000. At December 31 , Year 2 , its assets are $130,000 and liabilities are $50,000. During the year, it did not issue new stock, and it declared and paid $100 dividend. Calculate net income for Yoar 2

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