At the beginning of Year $2,$ X Company had

assets of $$600,$ liabilities of $$300,$ and common

stock of $$100.$ During $2016$ the company earned

revenue of $$750,$ incurred expenses of $$500,$ and

paid dividends of $$100.$ All transactions were

cash transactions. The amount of net income

reported on the Year $2$ income statement would

be

$$250$

$$300$

$$150$

None of the above